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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry's benchmark, the Baltic Dry Index (BDI) was up by 10 points, reaching a total of 875 points. Capesizes were unchanged yesterday, as the relative Capesize Index was steady at 1,314 points. Still, the Capesize market gained an impressive 11 percent just in one day, during Tuesday. This was the biggest single day gain since mid-January. During yesterday's session, the Supramax segment was the strongest, posting a daily gain of 14 points, to reach 903 points in total. Panamaxes also gained to reached 1,138 points, while slight gains of four points were also in store for the smaller dry bulk carriers (Handysize-Handymax).
According to the latest weekly report from shipbroker Fearnleys, in the Capesize market "some optimism surfacing as west Australia activity was picking up with increased demand for earlier ships. However as the end of the week approached, the optimism was vanishing as west Australian shippers turned quiet. Front haul activity remains dull, with Vale still being out of the game. Period rates have remained stable, with short period rates close to $10,000 a day.
Fearnleys went on to mention that "the Panamax segment has experienced a good period lately thanks to the grain season in S.Am soaking up vsls from both the Pacific and Atlantic.
This has led to up to 25 days congestion in several of the main grain ports in the area, and now shippers ask the operators to delay their shipments a bit to take away some of the piled up ships, which resulted in a calmer market. We see many ships open in F.East that has started their ballast towards ECSA, all hoping to repeat or beat last done. Though now there is some uncertainty in the market and many doubts the rates can continue the climb. At the same time we hear some good news from the Pacific coal market as Indonesia is lowering their prices a bit to compete against Chinese inland coal. This might lead to better coal activity in this area. Currently Pacific rounds pay arnd USD 10k. The Atlantic is pretty quiet but slowly improving; TA rounds pay around 10k. The long period market has been quiet lately; 1 yr period pay around USD 9k" the shipbroker noted.
Finally, in the Handy front, Fearnleys noted that "the 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 vessels are seeing around 9000-10,000 for trip to India via MEG. For Indo-India trip Supra rate is around 10,000 bss south China and 9500 bss CJK range, and around 9000 for short period. Spmx freight rate from Red Sea/India is around mid teens" it concluded.
In a quote from Arctic Securites, featured in a Bloomberg story this week, "an increase in coal shipments from Colombia, after miners at BHP Billiton Ltd. (BHP)’s Cerrejon coal venture ended a 32-day strike this week, “will be positive for Capes as it will likely push fixing activity up”. In a similar note, Galbraith's noted that record steel production in China during February also indicates strong demand for iron ore. The shipbroker added that “acombination of a slight drop in iron ore prices and improved weather/availability from Western Australia is allowing Chinese iron ore imports and thus Cape rates to return to slightly higher levels. “A couple of longer haul fixtures from Brazil and Suldanha Bay and the resumption of Western Australia fixtures to Qingdao will have supported the recent tick up in Cape rates”, it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 07 February 13
CHINA NDRC APPROVED 10 BILLION YUAN POWER GENERATION PROJECTS
NDRC of China currently announced that some of power grid and power station in Jiangxu, Sichuan and Anhui Province would be newly constructed or ext ...
Thursday, 07 February 13
CAPESIZE : MORE ACTIVE WEEK IN THE PACIFIC - FEARNLEYS AS
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 18k and Black Sea to Feast ...
Thursday, 07 February 13
WEAK STEEL MARKET MEANS IRON ORE RALLY LIKELY TO END SOON - FITCH
The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013 ...
Tuesday, 05 February 13
THE SHIPPING SECTOR IS " NAVIGATING IN STORMY WATERS" - PWC
The vulnerabilities of the global economy have been exposed and have more than played their part in making 2011 one of the worst years of shipping i ...
Tuesday, 05 February 13
NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 10.77 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,412,497 MT of thermal and coking coal for week ended 0700 hours 4 February 2013, Newca ...
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- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
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