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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, 08 January 13
HOLIDAY ACTIVITY SCARCE IN THE MARKET OF SECOND HAND VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Although the market for second hand vessel purchasing was quite lull during the Holiday period, as is usually the case, the first days of the New Ye ...
Tuesday, 08 January 13
NEWCASTLE PORT SHIPPED 3.197 MILLION MT OF COAL W/E 7 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,197,580 MT of thermal and coking coal for week ended 0700 hours 7 January 2013, Newcas ...
Sunday, 06 January 13
CFR SOUTH CHINA COAL: 2014 DELIVERY CLOSED US$ 6.80 HIGHER THAN Q1 '13 PRICE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.37 percent WoW and CFR South China coal sh ...
Sunday, 06 January 13
COAL BOOM: WAKE-UP CALL FOR INDIA & INDONESIA! - SUNIL K KUMBHAT
COALspot.com - Coal Boom : Scenario, Now & later!
Coal has been the dominant fuel for power generating plants in developed countries since th ...
Sunday, 06 January 13
FREIGHT MARKET REMAINED FAIRLY STEADY - VISTAAR
WISH YOU ALL HAPPY NEW YEAR
COALspot.com - The freight market remained fairly steady in spite of Christmas / New Year Holidays. The BDI was almos ...
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- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- PTC India Limited - India
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
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