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Friday, 02 August 13
DRY BULK MARKET STABILIZES ON RENEWED MARKET ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has kept its positive footing this week, although it's still a far cry to deem the market situation as a growing one, especially given the fact that traditionally, summer is a slow period for dry bulk. According to the latest session of the Baltic Dry Index, the BDI, an industry benchmark was up by four points to 1,066. The biggest improvement was for the Capesize segment, which seems poised for another rebounding week. The Baltic Capesize Index rose by 54 points to 1,935. By contrast, Panamaxes and Supramaxes were lower yesterday.
According to the latest weekly report from Fearnleys, in the Capesize segment, "the flow of cargoes remains relatively stable, and the Pacific is looking promising. The west Australian shippers have been active, resulting in freight rates improving from 7.75 to lower 8´s early this week. In the Atlantic, rates are under pressure due to the strike in Columbia. There is still a lack of fronthaul fixtures being concluded, but more cargoes are anticipated and rates are expected to improve also for the Tubarao/Qingdao route", the shipbroker said.
In the Panamax market, "in general the week has been a quiet one with limited activity in both hemispheres. The biggest decline we saw in the Atlantic, with a lack of new orders causing the tonnage list to outnumber the cargoes. In the east there were more aps fixtures and charterers trying to push the rates down. TA´s pending around USD 10-11k depending on durations and delivery. Some fronthauls were reported at a healthy 18k level but these were probably concluded end of last week. Despite the low activity some longer period fixtures with options were rumoured and levels were below the 10k mark", Fearnleys said.
Finally, in the Handy segment, "the Pacific market is still facing low activity, so no wonder that the tonnage list is getting longer. It´s still Ramadan and only a few coal shipments circulated. For vessels spot Singapore to India owners could get around mid USD 8k and for trips to China around USD 9k. Backhaul orders to USG are paying around USD 3k levels. Low activity on the period side. For S.Afr mid-Aug cargoes is coming into the market but chrtr not move yet as they try to achieve low USD 8k+low USD 200k levels while owners remain at high USD 8k+USD 300k levels", the shipbroker concluded.
Meanwhile, in other positive news for the dry bulk market, Commodore Research & Consultancy highlighted earlier in the week, the fact that Chinese steel stockpile levels and steel prices have continued to normalize and are finally close to reaching last year’s levels. According to Commodore, "Chinese steel stockpiles have remained above 2012’s level since the second week of March. On March 8th of this year, 19.7 million tons of flat and construction steel products were stockpiled in China. This was 1.1 million tons (6%) more than was stockpiled on March 8, 2012. The gap between 2013 and 2012 stockpile levels then widened significantly during the next few months, which was a clear sign of Chinese steel production exceeding demand by a large amount. The widest gap this year saw steel stockpiles up year-on-year by 4 million tons (23%) on April 5th. At that point, Chinese steel stockpiles totaled a robust 21.9 million tons. In comparison, stockpiles totaled 17.9 million tons on April 5, 2012. During the next twelve weeks, Chinese steel stockpiles remained up year-on-year by at least 12%. It was not until the beginning of this month that steel stockpiles fell to levels that exceeded 2012 levels by less than 12%", Commodore noted.
It added that "at present, 15.7 million tons of steel is stockpiled in China which is just 200,000 tons (2%) more than was stockpiled a year ago. Steel stockpiles have returned to healthier level as steel production has fallen to a level more in line with actual demand. The first three weeks of this month have seen daily crude steel production average roughly 2.11 million tons. During the last week of June, however, daily crude steel production was averaging approximately 2.18 million tons. The decline in steel production has helped lead to a normalization in Chinese steel stockpiles. Chinese steel prices have also finally come closer to reaching last year’s level. The average price of 3.0mm hot rolled coil in China, for example, has risen to about 3,765 yuan/ton ($614). Steel prices have now increased in four consecutive weeks, and are now just 135 yuan (-3%) less than where they stood a year ago. Chinese steel prices have remained below 2012 levels for all of this year, and as recently as the last week of June were down year-on-year by 15%. Overall, it is very encouraging that steel prices and stockpiles are finally returning to last year’s levels", it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy
The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...
Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...
Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended 0700 hours 22 July 2013, Newcastle Port Corp. s ...
Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...
Monday, 22 July 13
INDO COAL SWAP FOR AUGUST 13 DELIVERY GAINED ON WEEK BUT LOST ON DAY AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery slightly up on week but fell on day and month on Fri ...
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- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- The University of Queensland
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
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