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Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. The leading market was the Capesize one, with the BCI (Baltic Capesize Index) rising by 142 points to 1,573. Handysizes were also a bit higher, while the two other major subsegments retreated by 11 (Panamaxes) and 3 points (Supramaxes) respectively. According to the latest weekly report from shipbroker Fearnleys, commenting on the Capesize segment it noted that "signals are mixed but the overall tendency is positive, with Atlantic leading the way. The Tubarao/Qingdao conference trade is showing strength, with major takers out to book tonnage for February dates at "last done or touch better" - next fixture expected to be USD 19 pmt or close, up some USD 1. 50 pmt or around USD 15% in net earnings w-o-w. Pacific levels follow suit, although volume in this area is limited. Paper is giving renewed support for period activity, and notable fixture include 176k dwt/built 2012 done for 8/12 months at USD 10250 basis China end January, 180k dwt/built 2011 for 8/12 months at USD 10750 basis China prompt, and an even stronger 161k dwt/built 1996 for 8/12 months at USD 10k basis China prompt" it noted.
In a similar note, Shiptrade & Services had noted on the Capesize market that it was a positive week, with rates increasing steadily. "The Atlantic market has shown a relatively positive week with the Tubarao/Qingdao route yielding TCE of about USD 17,250 improved by 500 USD and the transantlantic round trips closing at around USD 6,750/USD 7,000 increased by USD 1,250 compared to last week’s levels. As for the fronthaul trade, fixture has been concluded ex EMed via Bsea to China at USD 26,000. Despite the cyclone which hit West Australia and affected negatively iron ore trade, Pacific market slightly picked up with the round trips ending up at around USD 6,750 improved by USD 750. Period levels at around USD 10,250 for one year" the shipbroker said.
On the Panamax front, Fearnleys added that "after a positive drive last week, driven by fresh Atlantic cargoes and ECSA loaders, the market has come to a halt with a decline in both volumes and levels. Both the Atlantic and the Pacific is definitely slower, with still a few but not enough fresh cargo injection and seem at best to be consolidating before any new clear direction is proven. Still large amount of newbuidings are coming out of yards and number of ballasting dir RBCT/ECSA is increasing. Atlantic rounds are pending between 6k for short rounds and 8k for 2ll. Fronthaul paying like 14k with a premium for Baltic loading. Whilst in the Pacific owners ask 7k DOP for ECSA rounds with less takers, the Indo/India rounds have come down to 5 + 50 APS. The period market is drying up after a few longer deals done end of last/early this week including a super eco Kamsarmax at 9k for 18-24 months. Owners now ask 7k+ for short period, but takers are focused on new eco design and wide spreads to consider same" the shipbroker concluded.
Finally, in the Handysize front, it noted that "the Atlantic market remained stable with USG-Feast fixed around USD 17k. Continent/Mediterranean-Feast fixed at USD 10k. The Pacific market remained weak with lot of ships and less cargoes. Indo-India round now fixed at APS 8k + BB 120k. Nopac round fixed at APS 7500 + BB 300k. RBCT round fixed at APS USD 8500 + BB 300k. Red Sea fertilizer cargo to India fixed at mid teens. Short period activity was limited and rates around USD 8500 for large eco Supra" Fearnleys said. On the Supramax front in particular, Shiptrade added that "there was finally some optimism in the Atlantic Basin as fresh cargoes emerged this week giving positive trend on the USG and ECSA area. Even though there is lack of prompt tonnage especially in the USG, charterers with firm requirements in their hands will cover them quickly supporting the positive trend. As from ECSA, trips to FEast are paying around USD 12-13k + 2-300k BB depending on size. Transatlantic trips were more neutral on prompt dates. Rates seen are around Mid - High teens depending on the redelivery. Trips from the Emed to USG are expected to pay around USD 2,500 whereas direction Continent the rates hover around USD 5,000 depending on the redelivery. Scrap cargoes to EMed fluctuate at levels close to USD 8,000, whereas trips FEast are getting fixed at low teens. The Pacific Market finally reacted but only to settle back again after the middle of the week. Indo round voyage rates above USD 10,000 delivery Singapore to China, whereas for trips delivery ECI via Indo to India pay around USD 8,000 depending on the redelivery. NOPAC rounds are not very active but some requirements were seen and ratewise around USD 7,000 + 350/400k BB should be expected. Some interest from charterers has been observed for short period and rates are around USD 8,000 – 9,000 depending on size and delivery point" the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 09 May 13
KILLARA AUSTRALIA ACQUIRES 80% INTEREST IN BORNEO EMAS HITAM
COALspot.com - Killara Resources has announced that, the company has signed a binding MoU to acquire an 80% equity interest in PT. Borneo Emas Hitam ...
Thursday, 09 May 13
THE WORLD LARGEST POWER PLANT COAL EXPORTER SHIPPED 36 MILLION TONS OF COAL IN MARCH
COALspot.com: Indonesia, the world largest multi grade coal exporter has shipped 36.165* million tons of coal in March 2013.
Ac ...
Thursday, 09 May 13
DRY BULK SHIP OWNERS KEEP BUILDING NEW VESSELS ON THE BACK OF LOWER PRICES AND IMPROVED MARKET PROSPECTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the doom and gloom that the dry bulk market has experienced during the past couple of years and especially during 2012, ship owners have inc ...
Thursday, 09 May 13
HANDY : RBCT ROUNDS FIXED AT USD 8000 DOP ECI - FEARNRESEARCH
Handy
The atlantic market started to pick up with new orders. The USG-Feast was at USD 20k and Black sea-feast was at USD 12k. The pacific mkt rema ...
Wednesday, 08 May 13
PANAMAX VESSELS PROVE TO BE "STARS OF THE MONTH" FOR THE DRY BULK MARKET DURING APRIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
They have taken a beating on various occasions during the past few years of the dry bulk market's crisis, but the fact remains, that despite the he ...
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- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
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