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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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Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
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. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
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- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
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