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Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for cargoes, which haven't been offset that much by the record pace of ship demolition activity. As a result, the industry's benchmark has been hovering around subdued levels for some time now. Yesterday, the BDI (Baltic Dry Index) was up by 7 points to 1073, as a result of a rebound in Panamax activity, which together with the rise of the Supramax segment, were able to negate the rapid fall of the Capesize market.
Commenting on the Capesize segment, the latest weekly report from shipbroker Fearnleys noted that "with last 5 trading days showing only marginal fluctuations in levels concluded despite increased volumes, sentiment again turning nervous as improved activity fails to lift spot. Far East appears the most vulnerable, with rates for the WAust/China trade falling 10% and general Pacific rounds almost 15% w-o-w. Atlantic remains the bright spot in comparison – but with more speculation of massive volumes to be moved from Brazil during December than actual fixing, a steady flow of ballasters could soon change this picture. Support from paper levels combined with owners seeking predictable income for 2013 have allowed for limited period activity - representative fixtures include 175k dwt/built 2011 done for 10-14 months with delivery China mid Dec at USD 11250, 175k dwt/built 2010 delivering China prompt for 11-17 months at USD 11350, and 180k dwt/built 2011 delivery China prompt for 11-18 months at USD 11250" said the shipbroker.
On the Panamax front, Fearnleys added that "the last week has been strong for the Panamaxes both in Atlantic and Pacific. A sudden shortage of ships for early positions in Atlantic have driven transatlantic rounds up to around USD 8k, much thanks to coal cargoes from US and also some more grain cargoes from South America. Fronthaul on the other hand is not quite as busy, but both USG/China and ECSA/China fetching around 14500+450k ballast bonus. It was reported a period fixture with Atlantic delivery of 11/13 months at USD 8500. In the Far East there is enough activity for the market to slowly move upwards even though there are plenty of ships available. Coal to China is probably the main driver. A Pacific round pays around USD 8500, but maybe more interestingly the short period market in Feast pays around USD 7750 indicating that market players doesn´t really believe in this market for the longer term" the shipbroker concluded.
Finally, on the Handy front, it said that "the north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tightened slightly in the US Gulf. For USG - SE Asia/Far East large eco Supra fixed at USD 18k. The Indian iron ore market remains quiet with less activity on WCI & ECI. India/China tct rate would be around USD 5k. Far East continues to be on positive side, 56k dwt fixing passing Spore for nickel ore RV at USD 13500. For Indo-India, large eco Supra now fixed at USD 12500 bss passing Spore. South Africa has been quiet this week. Red Sea fertilisers to India are fixed high teens" it said.
In a similar report, Piraeus-based shipbroker Shiptrade & Services said about the Supramax front that "positive news for the Supramax market, especially in the Atlantic basin, where a number of fronthauls from the USG in combination with the tonnage shortage in the area pushed the BSI at 674 points. Trips from the USG to FEast are expected to pay around USD 16,000 for large-eco Supras, whereas trips with redelivery Continent expect to pay around USD 11,500. On the other hand, the Cont/Med market still suffers of oversupply of Supras resulting to a large number of spot vessels. However, scrap cargoes ex Continent to Emed are regulars, with rates fluctuating around USD 8,500 - 9,000. A number of ballasters towards Gibraltar are expected in order to pursue better cargo availability.
Admittedly, in the Pacific Supramax market, the only support comes from the Indonesian cargoes, whereas the India market has been on the quiet side for another week, however, with significantly good volume of coal and nickel ore cargoes. NOPAC rounds pay approximately USD 8,000 plus a ballast bonus USD 300k. The Indian market is still stable, with Supras being fixed for Indo/India orders with delivery Singapore at levels around USD 10,500 and redelivery ECI. The Indian Iron Ore to China is expected to pay around USD 5,750 but on low volumes, whereas, no change has been observed for another week on the RBCT round, with rates still at USD 8000 + 200K ballast bonus. A small increase in short period requirements has been seen, with rates for large and eco Supras hovering around USD 8,500 to 9,000 levels" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
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- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- MS Steel International - UAE
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
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