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Thursday, 24 January 13
DRY BULK MARKET FALLS ON TROPICAL CYCLONE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has been on the downside during the past couple of days, mainly as a result of the tropical storm which forced ports to close down in Australia, the largest exporter of iron ore. As a result, cargo demand was absent yesterday, leading rates down. The Baltic Dry Index, the industry's main benchmark was down by 1 percent to 817, while rates for the larger in size Capesize vessel-type, used to transport iron ore, were down by 2.7% to $8,431.
According to the latest report from shipbroker Fearnleys, in the Capesize segment, "weather issues literally clouding the skies in Far East, with main Australian mineral loading ports closed down. Spot volumes consequently decline on the fundamental W.Aust/China trade, whilst freight rates have so far held up due to support from strong Atlantic activity. Increased spot exports from Brazil combined with generally improved atlantic supply/demand balance has resulted in daily earnings for transtlantic and fronthaul trades are up some 35% respectively 8% w-o-w. Paper fluctuations have allowed for considerable period activity, including 2 x 180000 dwt/built 2011-12 delivering china prompt for 8-12 months at around usd 10800 and 170000 dwt/built 2000 delivering China prompt reportedly done for 8-12 months at a massive usd 11250" the shipbroker said.
Regarding the panamax market, Fearnleys added that "it has been fairly balanced all over the last week. Activity seems to come down a little bit in the atlantic, but levels remain basically unchanged. A normal trans Atlantic round is paying around usd 7-7500 daily. While we have seen several fixtures done in more specialized trades that requires INL breaching and/or ice class tonnage that pays quite a bit more. The fronthaul market is pretty silent, we do not see as many usg/ china grain cargoes in market that you normally would expect at this time of the year. And the east coast South America grain has been more quiet than the previous two weeks. Fronthaul out of ecsa now pays arnd 14000+400k bb, but varies very much with vessel specifications. In the pacific it seems that charterers are still in charge as the pacific index is at low levels arnd USD 4000. Also the period market has been pretty silent the last week. Levels remain low and varies between 7-9000 depending vessel type for one or two years period" the report said.
Finally, on the Handy front, the shipbroker noted that "the Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Feast fixed at usd 18k and CONT-FEAST at usd 11k. Pacific mkt has started falling as too many ships are in the market and no cargoes. Indo-india now at APS USD 8k + BB USD 90000. Nopac also fixed on APS at usd 7k+ 300000. South africa rounds now APS at usd 9k +300000. Short period rates for large eco supra at usd 8500" Fearnleys concluded.
In a separate report, Shiptrade & Services stated on the Supramax front that "it was another positive week for the Atlantic market with ECSA leading the way on high volumes, taking advantage the shortage of prompt loaders in the area. Supras are being fixed at USD low teens + USD 250k BB for trips to FEast, whereas from the USG to FEast are expected to get high teens, and for trips within the Atlantic mid to high teens. On the other hand, low activity has been observed at the Continent with owners accepting low rates to take advantage of the reposition.
The Pacific market had another inactive week with Indo coal being fixed at around USD 8,500 – 9,000 passing Spore redelivery ECIndia and around USD 8,000 redelivery China. In addition, there is strong tendency from charterers’ side for aps deliveries. NOPAC rounds are still not very active but some requirements were seen and ratewise talking around USD 6,500 + 350/400k BB. Some interest from charterers has been observed for short period and rates are around USD 8,500 – 9,000 depending on size and delivery point.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
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- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- The University of Queensland
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- GMR Energy Limited - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
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