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Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1,104 points. The Capesize market was unchanged yesterday, while a small decline of 14 points was evident in the Baltic Panamax Index (BPI), which tracks the Panamax segment of the market. By contrast, the Supramax market inched higher yesterday, reaching 751 points. According to the latest weekly report from shipbroker Fearnleys, it was a fairly steady Panamax market this week, "with $8.5-9k/day for 2 laden legs in Atlantic. Owners seek long duration to secure a decent income over the coming holidays. A premium for shorter rounds, illustrated by a post Panamax fixed USD 9.5k for Murmansk/Rdam run.
Short period deals in Atlantic, with worldwide redelivery, done around USD 12-12.5k/day. These high levels achieved due to a decent fronthaul market which has hovered around USD 14-15k/day. Standard LME achieved 18k for Bsea/China whilst ECSA business pay 9k bss delivery WCI also on LME. In the F.East levels are stable, but does not show much inclination to increase further; 8-8.5k done for E.Aussie/China runs, whilst around 9.5k done for W.Aussie/China. With vessels opening N.China growing in numbers we expect rates to decline in the forthcoming weeks. Kamsarmax fixing 8.5k bss delivery N.China for a trip via Nopac to Spore-Jpn range. For period 4-6 mos should pay around mid/high USD 7k/day range" said Fearnleys.
Meanwhile, on the Capesize market, the shipbroker stated that it was "busy in the Pacific with a good number of fixtures from West Australia to China by the major miners, however frt rates just slightly improved from low 8s to 8.75. Fronthaul remains inactive with a good number of ballasters but hardly any cargoes for Tubarao/Qingdao, and Vale keeping quiet. The Atlantic is still well balanced and rates keeping steady in spite of low activity" it said in the report.
On the Handy front it noted that "the Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to FEast were around USD 18k and Black Sea to FEast about USD 10k. USG-Skaw/Passero rates are around USD 12k. The Pacific market remained firm with increased cargoes. For Indo-India, large eco Supra now fixed at USD 14k for dely Singapore. Nopac also fixed bss APS at USD 9k + BB USD 325k. Indian iron ore market remains quiet with less activity on WCI & ECI. WCI-China rates around USD 5k and ECI-China around USD 4k. RBCT rv fixed at APS USD 8500 + BB USD 300k. Red Sea fertilisers to India are mid/high teens. Not much activity seen on short period and rates around USD 9500 for large Supra" Fearnleys concluded.
In a separate report, commenting on the Supramax segment, Shiptrade & Services noted that " for second week in a row, the Atlantic Supramax market has shown a substantial recovery on the rates, taking advantage of the tonnage shortage in the region. Trips out of the USG towards the Continent/Med are paying around USD 11,500 whereas front hauls are being fixed at USD high teens with owners pushing for rates above USD 20,000. Due to the shortage in tonnage supply, the upward trend from the USG is expected to continue in December. Same situation in the ECSA market where a number of sugar and grain cargoes have been seen in the market for December and owners are keen to push for high rates. The Continent and Med market has not shown any improvement during the past week. Trips back to the USG pay approximately USD 3,250 whereas scrap from the Continent to Emed remains below USD 9,000. Some short period reaction from charterers has been shown after a while, but a very small number of businesses have been finalised so far.
In the Pacific Basin, owners are pushing for higher rates taking advantage of the tonnage shortage of prompt stems, especially in the Indo coal, which remains for another week, the strongest feature of the market. For trips from Indonesia to India, large eco supras are being fixed at levels close to USD 12,000 bss delivery passing Singapore with the trend leading towards the USD 13,000 area depending on vessel's specs. For another consecutive week the India Iron Ore market has not shown any positive reaction with low volume of cargoes, with rates hovering in the USD 4,500 - 5,500 range. The S.Africa market too has been on the low side, with a very small volume of cargoes on the market. Small increase in short period requirements has been seen, with rates around USD 8,500 to 9,000 levels" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
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- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
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