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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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Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
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- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Planning Commission, India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- The University of Queensland
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
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