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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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Wednesday, 13 November 13
Q3' 14 CFR SOUTH CHINA COAL SWAPS CLOSED HIGHER THAN Q1' 14 PRICES
COALspot.com : API 8 CFR South China Coal swaps for average Q1 14 delivery gained 0.55 percept W-W on Friday 8 November 2013. The CFR South China Co ...
Wednesday, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
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- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
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