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Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend was once again cemented during the past couple of months, when the industry's benchmark in terms of hiring rates, the Baltic Dry Index (BDI) raced to unseen for years new heights, only to retreat close to where it all began, back in late August, early September. Still, after a series of downward sessions, yesterday marked the first positive one, in a sign that the market found its new ground. The BDI ended at 1,504 points, up by 20 on the day, with Capesizes recuperating part of their losses sustained over the past few days. The Baltic Capesize Index was up by 81 points to end at 2,245 points. Panamaxes lost ground though, while smaller carriers were marginally higher.
In its latest weekly report, commenting on the Capesize market, shipbroker Fearnleys noted that "no light at the end of the tunnel for shell-shocked owners, and those who have overplayed their hand during the last rally find the escape door to be a very narrow one. Rate levels have been in free fall - notably on considerable volume - all through the week. Actual daily returns for pacific rounds are presently no more than usd 10k/day, with value down close to 50% w-o-w. Atlantic is equally hard hit, down 40% and coming in at some usd 16k/day. A number of N/B´s are still set to enter market prior year-end, and same has to be factored in by players making their forecasts for the weeks and months to come. Period activity is for natural physical reasons next to nothing, and FFA´s are presently too nervous and without direction to give support going forward", the shipbroker said.
On the Panamax front, Fearnleys said that "it has been a somewhat quiet week sofar and rates have been decreasing in both hemispheres. In the Atlantic we have seen rates dropping continuously as there is a lack of fresh cargoes and the tonnage list is again growing. The Cape market has also had a direct impact on pmax rates with stems being split into pmax stems, but the recent dramatic rate decline for Capes influences the Pmax market with no benefit from these additional cargoes.
The Ta´s are now paying in the region of Usd 16k and Fhauls bss USG loading in region of Usd 18k + 800k bb. Pacific rounds which are also declining are now being fixed in the 13-15k level depending on delivery. Period market has come down on lack of takers and the FFA mrkt is not giving the same support".
Finally, on the Handy market, "it had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and bauxite cargoes in the market and owners with ships open in EC India or North China are seeing rates in the low teens for same. For the shorter Indo rounds charterers have to pay up due to a tight tonnage list and facing levels ard Usd 16k for either India or China direction. In the Atlantic the mrkt we have seen more activity and firmer rates, especially in the USG. The list of prompt ships able early/mid Nov cancelling is scarse and we expect the rates to continue the firmind tendency, at least for the shorter term", Fearnleys concluded.
In a report this week, Platts, quoting market sources, noted that the absence of sufficient Brazilian iron ore cargoes, was one of the key reasons being the weakness of the market, especially for Capesize carriers, along the major Pacific routes. But, an anticipated increase in thermal coal imports by India and China could also help boost Capesize freight rates from Australia. Still though, the room for uptick is limited unless we see more [fixtures for] Brazilian [iron ore] cargoes in the market. Mining majors have pretty much secured all the vessels they need and they aren't seeking any more, a Shanghai-based trader said.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 04 November 13
API 8 CFR S.CHINA COAL SWAP FOR Q3' 2014 DELIVERY CLOSED 3.65% HIGHER COMPARED TO Q1' 2014 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.24 percept W-W on Friday 1 November 2013. The CFR South China Co ...
Sunday, 03 November 13
H2' 2014 INDONESIAN COAL PRICE ( SWAPS) SHOWS POSITIVE TREND
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’2014 delivery gained 0.24 percept week on week on Friday 1 ...
Sunday, 03 November 13
THE CAPE SIZE INDEX FELL 13.61 PCT W-W
COALspot.com: The freight market continued to soften on the cape and panamax sectors , however the supramax and handy size remained fairly firm.
...
Saturday, 02 November 13
DRY BULK SHIPPERS AREN'T CELEBRATING, BUT THEIR SILENCE IS GOLDEN - MARKET REALIST
In October, performance for major dry bulk shipping companies was mixed. Companies like DryShips Inc. (DRYS) had pulled back more than Diana Shippin ...
Friday, 01 November 13
US'S COAL PRODUCTION UP 0.9 PERCENT W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.3 million short tons (mmst) of coal in ...
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- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
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