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Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a result, the industry's benchmark, the Baltic Dry Index rose again yesterday by 14 points, to reach 834, with all major ship types gaining on the day. Still, according to market analysts and shipbrokers, this current trend isn't set to continue at least for the next few months. According to them, it's only a matter of time before oversupply catches up and plagues freight rates once more. According to market-outlook comments by Clarkson Plc., issued yesterday, "the dry bulk market will continue to struggle with the impact of oversupply. However, planned increasing in cargo volumes and continued growth in demand is fundamental to our long-term belief in this sector.”
In its latest weekly report, shipbroker Fearnleys commented on the Capesize market that "this week saw the market continue to gradually slide, with the continuing strike in Columbia, and low volumes out of Brazil keeping tonne mile demand and therefore rates depressed. However, at the time of writing, bid/offer for Tubarao/China is at a slightly healthier 17.50/17.75. West Australia resumed operations after the cyclone, and the prevailing rate this week has been around USD 7.20. This week saw a significant period deal concluded, with a ship with good ´eco´ consumptions fixed for 21-27 months at a firmer USD 13500 per day, arguably setting a benchmark for the market which will be interesting follow in the coming months" it said.
Meanwhile, "the Panamax market continued its positive trend from last week with firming rates in both hemispheres. The main driver is the ECSA grain season which attract most owners willing trip east. Good rates are being achived and a Fhaul with Cont delivery is being fixed in region of USD 17-18k depending on specs. More coal cargoes from USEC are being quoted in the market and TArv´s are being paid in region of USD 9k or closer to 10k for the shorter runs not involving breach of INL. In the Pacific we are also facing a rate increase with more cargoes in the market in addition to the competing grain market attracting ows. We see Pac rounds now being fixed at ard USD 10k. The period market has also seen an increase in activity with both shorter and longer period being concluded" Fearnleys noted.
In a separate report earlier in the week, Bank of America Merrill Lynch said that freight rates for dry bulk carriers will show a "meaningful increase" by 2015, as demand for seaborne commodities expands amid slowing fleet growth. According to the report, "we see a major shift in the sector next year, as demand growth once again outpaces fleet capacity additions and the oversupply in the market starts to shrink. Yet, due to the magnitude of excess supply over demand, we believe a sustained recovery in bulk freight prices will take longer to materialize,” said BoFAML.
Similarly, DVB Bank noted that ship rates will remain under pressure, as a result of a huge oversupply of vessels, expected to peak this year. The vessel glut is so substantial that even a 39% rise in iron ore cargoes over the next three years, will fail to curb it. According to DVB, annual shipments of iron ore will rise to 1.5 billion metric tons in 2015 from last year’s 1.08 billion tons. Coal cargoes will increase 17 percent over the same period to 1.3 billion tons, the report showed.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Planning Commission, India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- PTC India Limited - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
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