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Friday, 08 November 13
DRY BULK MARKET BOUNCES BACK ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market staged a mild comeback this week, as the industry's benchmark, the Baltic Dry Index (BDI) inched forward step by step and bit by bit throughout the week. Even yesterday, when it retreated, it was rather marginal. The BDI now stands at 1,593 points, down by nine points on the day, but significantly higher than last week's levels. Also, it's worth noting that smaller sizes are faring better, compared to their larger counterparts, with the Supramax market stealing the show. The Baltic Supramax Index was up by 14 points yesterday, versus losses of 21 and 20 points in the Capesize and Panamax respective indexes.
In a report this week from Platts, it was noted that "although Capesize freight rates had trended up late last week and early this week, a decline in the paper market seen Wednesday led some market participants to believe the physical market would quickly follow suit. Some others however said it was too soon to conclude Capesize freight rates would trend down. Some charterers are refraining from finalizing fixtures as physical market trends appeared uncertain. Another Singapore-based charterer termed the recent uptick in Capesize freight rates as a "dead cat bounce" and expected freight rates to fall later Wednesday on the Brazil-Qingdao route as the paper market came under "heavy pressure", the report noted.
In its latest weekly report, shipbroker Fearnleys commented on the Capesize market by noting that "steady gains on the physical side coupled with paper volatility. The key West Australia/China route has gained close to USD 1.50 w-o-w. With all miners actively taking ships, time charter equivalent for Pacific routes now push north of USD 17k/day. Fronthaul and T/A rates have also rebounded following last week´s losses, with the conference trade Tubarao/Qingdao up USD 2.50 pmt w-o-w and coming in at USD 22 pmt. Daily average spot earnings stand at USD 20,500, up some 25% during the week. The market does, however, remain nervous, and FFA developments do little to give a clear direction. Consequent limited period activity, with assessed value of good 180k-tonners standing at some USD 17,500 for 12 months", the shipbroker said.
On the Panamax front, it added that "despite some signs of a consolidation mid-week the negative trend from last week continues in both Hemispheres. Baltic rounds fixed at 16,500 and USG grain fronthaul at 53 pmt or 18k + 800k GBB APS. Some signs of increased activity in the Atlantic insufficient to meet the supply and rates hover around 14k generally. With some mixed opinions among the players a few chrtrs have fixed short period within the basin at around 15k+. In Far East volumes have been low in all regular trades with 11,500-12,000 as the prevailing level. However, it is worth to notice the very active Chinese coastal trade with levels up to 20k/day reducing supply. Hardly any movement in the period market as Q4 seems to loose its steam assisted by a gradually falling forward curve", Fearnleys said.
Finally, in the Handy markets, the shipbroker noted that "in the Atlantic we have seen more activity this week with several fixtures being concluded at firm rates. USG/Feast been reported at 30k and from the USEC to Feast high 20´s has been achieved. With holidays in India and chrts having cvrd their prompt cgos for November again leading to a quiet week for the coal rounds in the Pacific. Indo/China rounds are seeing bids at around USD 16k meaning softening rates while the iron ore from EC India are being rated at around USD 11k. Period market is a bit slow but shorter periods are being concluded at reasonable levels".
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 24 November 13
SUPRAMAX FREIGHT RATES REMAINED FIRM FROM INDONESIA TO INDIA AND CHINA - SOLYM
COALspot.com: The freight market was fairly steady except for the Supramax in SE Asia region which continued to remain firm. The BDI was down by 1.5 ...
Friday, 22 November 13
DRY BULK MARKET STILL LACKLUSTRE, DESPITE PROJECTIONS OF A NEW RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We might still be about six weeks far from the end of the year, but the projected by many analysts upcoming rally of the dry bulk market, hasn't ye ...
Friday, 22 November 13
US COAL PRODUCTION DOWN 1.3% W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.5 million short tons (mmst) of coal in ...
Thursday, 21 November 13
TAIPOWER TO PROCURE 750K MT OF 5500 GAR BITUMINOUS COAL FOR MAY - AUGUST 2014
COALspot.com: Taiwan Power Company intends to procure 750,000 metric tons of bituminous coal with calorific value not lesser than 5,500 kcal/kg on a ...
Thursday, 21 November 13
CAPESIZE : THE DOWNWARD TREND HAS TURNED INTO NOTABLE SPOT AND PERIOD IMPROVEMENT - FEARNLEYS
Handy
The Atlantic market experienced a general rate increase for most trades this week. More cargoes in the market and chrts looking for prompt t ...
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- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Planning Commission, India
- Ministry of Mines - Canada
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
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