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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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Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
Monday, 11 February 13
NEWCASTLE PORT SHIPPED 23.01 PERCENT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,967,761 MT of thermal and coking coal for week ended 0700 hours 11 February 2013, Newc ...
Sunday, 10 February 13
INDONESIA SUB-BIT SWAPS: "UP" - CFR SOUTH CHINA SWAPS: "DOWN"
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.72 percent W-O-W and CFR South China coal shipme ...
Sunday, 10 February 13
DRY BULK OVERSUPPLY OF TONNAGE SEEN WANING IN THE COMING MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It seems that the tide could be shifting in the dry bulk market, in terms of tonnage oversupply, according to the latest data figures. This could ex ...
Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY
COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.
The BDI was slightly down by 0.27 pct ad ...
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- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
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