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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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Thursday, 31 October 13
HANDY: ACTIVE; PANAMAX: QUIET; CAPESIZE: NO LIGHT
Handy
The handy market had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and baux ...
Wednesday, 30 October 13
INDONESIAN STATE OWNED COAL MINER HAS EXPORTED 7.02 MILLION TONS OF COAL IN 9 MONTHS
COALspot.com : PT. Bukit Asam, Indonesian state owned coal miner has sold 13.24 million tons of coal for the period January - September 2013. Accord ...
Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable-)
The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both C ...
Wednesday, 30 October 13
CAPESIZE: DOWNWARD; SUPRAS AND HANDIES: STABLE - INTERMODAL
The Dry Bulk market has resumed its downward movement, noting another dip for a third week in a row. The larger size segments were responsible for p ...
Tuesday, 29 October 13
NEWCASTLE PORT SHIPPED 12.29 PER CENT MORE COAL W-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.29 per cent week on week to 3.61 million mt for ...
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Showing 4036 to 4040 news of total 6871 |
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- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- PTC India Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
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