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Thursday, 18 July 13
DRY BULK MARKETS RETAINS RECENT GAINS, MOVES SIDEWAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI). The BDI was relatively unchanged during yesterday's session, as has been for the most part of this week. The index ended at 1,151 points, down one point, with the Panamax market posting the biggest retreat by 17 points, to 1,153 points. The Baltic Capesize Index was also down by 10 points to 2,034, while minor downwards shifts were also evident in the smaller ship classes.
According to the latest weekly report from shipbroker Fearnley's, "the Cape market appears to be holding firm, with the 4TC number holding at a steady and healthier USD 13,920 at the time of writing, marking almost no change w-o-w. West Australia has been actively fixed at steady rates between USD 7.70 and 7.80 pmt. Cargoes from Brazil to China have appeared over the last few days – hopefully helping to absorb the increasing number of ships ballasting toward the Atlantic basin. Meanwhile tonnage in the North Atlantic remains tight – with a reported TA round fixed at good 17k per day. August and September FFA contracts have pushed slightly to USD 11,190 and 11,490 respectively, indicating improved sentiment for the remainder of Q3. Consistent period numbers have also been concluded this week, with USD 15,500 and 14k per day reportedly paid by charterers for 3 and 2 years respectively", said the shipbroker.
Similarly, in the Panamax market, Fearnley's noted that "after a dull week we finally saw some improvement in the Atlantic. Rates increased USD 1000 from last week after prompt cargoes entered the market, making the Cont positions quite attractive. Fronthauls followed the positive trend with an increase of close to USD 2000 with higher export from US Gulf and USEC. In the Pacific the rates climbed close to USD 1000 due to an active Indian market. No change at backhauls, close to zero", it said.
Finally, in the smaller Handy class, the shipbroker mentioned that "in the Pacific, market maintained similar levels during the week. There is several Indo coal orders in the market, ships passing Singapore fixed at around 11k for trips to China and between USD 10-10.5k for trips to India. WCI remains quiet with no stems being circulate. Tonnage spot in ECI fixed APS S.Afr for trip to Feast at high 8k+280k gbb. More cargos from S.Africa expected for 1st half August. For short period, owners targeting around 10k whereas charterers are aiming lower", it concluded.
In a separate report, shipbroker Intermodal had noted that the past week's surge, "may well be the last one before the summer lull, so owners are hoping that they can keep the momentum for as long as they can in the hope that they will keep rates fairly buoyant in August", it said.
Providing an additional and different viewpoint, Commodore Research & Consultancy noted in its most recent Weekly China Report, how China has been experiencing a very active typhoon season. "Tropical Storm Soulik, which made landfall over the weekend, marked the third tropical storm to hit China during the current 2013 Pacific typhoon season. Up until July 15th of last year, only one tropical storm had made landfall in China. Another new tropical storm is now developing off the coast and is expected to make landfall. Tropical Storm Cimaron is gaining strength and is expected to make landfall in southern China by Friday. Afterwards, the storm will head north and bring a great deal of additional rainfall to parts of an already saturated Chinese mainland. As a result, Chinese hydropower production is set to receive an even great boost and additional Chinese crops could also suffer a damage", it noted.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 12 July 13
U.S. PRODUCED 18.40 MMST COAL WEEK ENDED 6 JULY 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.40 million short tons (mmst) of ...
Thursday, 11 July 13
PANAMAX: PACIFIC ROUND PAY AROUND $6,500/D; ATLANTIC ROUND VOYAGE PAY AROUND US$ 10,000/D - FEARNLEYS AS
Handy
The Feast market is quiet, July date cargoes remain unfixed as there is a gap between what owners aiming and charterers willing to pay. There ...
Wednesday, 10 July 13
DRY BULK MARKET IS STILL STRUGGLING TO SURVIVE - INTERMODAL
COALspot.com : With the first half of the year now behind us and, as expected, most shipping segments in the dry bulk market are struggling to survi ...
Tuesday, 09 July 13
COAL PRICE REMAINS SLUGGISH - TRIMEGAH
COALspot.com - Newcastle coal price has reached US$ 76.30/ton (-15.9% YTD), bringing YTD’13 average to stand at US$ 87.90/ton, 6.80% lower tha ...
Tuesday, 09 July 13
NEWCASTLE COAL EXPORTS JUMP 27.53% ON WEEK TO 2.97 MILLION MT
COALspot.com - Newcastle Coal exports up 27.53% to 2.97 million tons W-o-W.
Newcastle port in Australia has loaded 2,974,715 tons of coal for the ...
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- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- GMR Energy Limited - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- The University of Queensland
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
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