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Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the influx of new building vessels continues to plague the market. The BDI (Baltic Dry Index) was down by 31 points to 916 points, with the Capesize market facing the biggest losses. The relative Baltic Capesize Index (BCI) was down by 4 percent to 2,098 points, while the average daily earnings were downy by $876 to $13,545. Additionally, the Panamax market was also down by 1.34 percent to 737 points. Panamax average earnings was down by $76 to $5,904 daily. Average daily earnings for handysize and supramax ships were down to $6,089 and $6,761, respectively.
According to the latest weekly report from shipbroker Fearnleys, commenting on the Capesize market, "after a couple of weeks rally, rates have been dropping throughout this week. West Australia is presently at very low 9s, compared to close to 11 end of October. Fronthaul which was excess USD 24 at the same time is presently around USD 20 (for December dates), with a lack of fixtures being concluded and some prompt/unfixed ships outside Brazil. There is a good demand for period ships, but rates are generally too low to attract owners´ attention, as they keep the recent "mini-boom" fresh in mind" the shipbroker noted.
Meanwhile, in the Panamax market, "the trend from last week continued into this week with little transatlantic business entering the market and plenty of ships looking for same. Some grain cargos for end November/beginning December destined for China are still being quoted, but at lower volumes than expected. Fhauls are now paying around mid 13k for Cont delivery or USD 14k + USD 400k bss APS USG. In the eastern hemisphere we still see a fairly active market with Indonesian coal still being shipped. The latter is however under pressure mid-week with plenty of ships competing for the same cargos. Pacific rounds are now being paid around USD 7k. The period market is not too active at the moment but still some short period deals being done in the mid 7´s for 4/8 months" said Fearnleys. In a separate report, shipbroker Shiptrade & Services noted on the Supramax markets that "Supramax market is steadily losing its pace, with the BSI Index closing at 669, a 30-point decrease compared to last week. Trips from ECSA to Med/Cont pay around USD 8,5/9000 and in comparison to Week 44, the number of cargoes from ECSA to FEAST has been substantially decreased. Fronthauls from USG to FEast pay around mid teens, whereas for delivery BSea to FEast could see numbers starting from 5 digits. On the positive side, prompt tonnage supply at ECSA is relatively low and owners are optimistic that the rates will increase in the next weeks. In the pacific supramax market, the Indonesian coal to S.E Asia and India and has set the pace, as the demand for vessels ex NOPAC and N.China has been substantially decreased. NOPAC rounds were seen closing at aps USD 7000 + 300k ballast bonus. Large, eco Supras are being fixed at around USD 11000 basis delivery Singapore.
For another week, the Indian Iron ore market has been quiet too, with ECI-China rates at levels around USD 4000 and for WCI-China at USD 3000. Regarding fertilizers from Red Sea to India there has not been any substantial difference compared to Week 44, with cargoes being fixed at levels around USD high teens. Richards Bay coal terminal fixtures were closed at USD 8000 + 200K ballast bonus on an aps basis. Short period rates for large Supras are hovering around USD 9000 but with not much activity being seen" it said.
Finally, in the Handy markets, Fearnleys said that "the Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates are around USD 9k. The Pacific market remained stable with rates mostly unchanged with fair amount of cargoes and tonnages. For Indo-India, large eco Supra now fixed at USD 11k for dely Singapore. Nopac also fixed bss APS at USD 7500 + BB USD 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 4k and ECI-China around USD 3k. RBCT rv fixed at APS USD 8k + BB USD 200k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra" Fearnleys concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
Thursday, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
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- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
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