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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 yet arrived. As a result, the Baltic Dry Index (BDI), the industry's benchmark was once again lacking support, ending yesterday at 1,499 points, down by 28 points. Capesizes are still struggling for higher ground, with the Baltic Capesize Index (BCI) down by 64 points on the day at 2,447. Panamaxes were unchanged over the previous session, while smaller ship types witnessed some kind of positive support and were a bit higher on the day.
According to the latest weekly report from shipbroker Fearnleys on the capesize market, it was noted that "triggered by healthy far east demand and improving FFA levels - and nothing else - the downward trend has turned into notable spot and period improvement. Due to sudden need for early loaders on the WAust/China ore trade, values of Far East rounds have jumped almost 10% to come in at usd 19k. Although at smaller scale, a similar situation for pacific coal trades has contributed to stop a negative spiral and maintain average earnings flat at just under usd 19k w-o-w. Atlantic is best described as uncertain, and increased cargo volume in this area is badly needed for any further general improvement to happen. Although little actually concluded, period levels are up on average some usd 750/day on back of paper improvement" it said.
Meanwhile, on the Panamax front, Fearnleys noted that "the Panamax rates dropped in both hemispheres this week. With a slow demand and vessels being ballasted from Pacific into the USG, rates continue to drop for December loading. Spot rates at around USD 50pmt for USG/China vs a January stem being fixed at USD 46pmt this week shows little faith in Q1. Although FFA values are trading up at time of writing, it would seem this is a consequence of the bigger Capes experiencing a firming tendency. TA´s are now being fixed in region of 10/11k depending on delivery while Pac rounds are being fixed in the 9´s. The period market is more or less none existing although one LME got fixed for 1 year at USD 11,300 for Feast delivery".
Finally, on the Handy markets, Fearnleys said that "the Atlantic market experienced a general rate increase for most trades this week. More cargoes in the market and chrts looking for prompt tonnage to cover their USG loadings had a tough time getting cvrd. In the eastern hemisphere the rates have remained firm this week. Supported by large volume on Indo nickel ore and bauxite, rates have been reported at around USD 17/18k levels. The bauxite trade is largely affected by the new export tax being implemented in 2014 which will most likely slow down the volume for same. Indo/India runs are being rated in the mid teens by ships open N.China and same levels for NoPac rounds. Short periods are being fixed in region of USD 12-13k", it concluded.
Meanwhile, in the newbuilding market, Clarkson Hellas said that "there were further orders to report this week in the VLOC market, with it coming to light that Henghou Industries have contracted two further vessels in a series of 250,000 DWT ore carriers at Guangzhou Longxue. Pricing remains undisclosed, however delivery of these latest vessels is planned for 2016 and takes the total series to four firm. Knightsbridge Tankers are reported to have placed an order for two firm 180,000 DWT Capesize at Daehan Shipbuilding, with delivery of both vessels planned for 2015. In the smaller sizes, it is understood that Shih Wei Navigation have contracted a single 60,000 DWT Supramax bulk carrier at Onomichi in Japan. Delivery is planned for mid-2016 with pricing in the region USD 29 million.
Limited ordering to report in the tanker market this week, with a single contract for one firm plus one option 50,000 DWT Jones Act Product Tankers from Seabulk International at General Dynamics NASSCO. The vessels will be built ready for conversion to using LNG as a fuel, with the first due to deliver at the very end of 2016 and second vessel in 2017.
In the gas market, BW Gas have declared options for the fifth and sixth in a series of 84,000 CBM LPG carriers at HHI, with delivery of both vessels understood to be for mid-2016. A relatively quiet week also in the container market with just one order to report. Cape Shipping have contracted two firm 6,900 TEU container carriers at Hanjin Subic, with delivery of the first vessel in mid-2015. In other sectors, Hoegh Autoliners have declared further options for 8,500 unit PCTCs at Xiamen. These latest orders take the series to six firm vessels with delivery planned for the first quarter of 2016".
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 22 December 13
QUIET FREIGHT MARKET DUE TO LONG HOLIDAYS
COALspot.com: The market was soft this week with all indices down. However towards second half of the week the futures on segments was firming up.
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Friday, 20 December 13
US PRODUCED 2.71% MORE COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal in ...
Friday, 20 December 13
DRY BULK MARKET SLUMPS AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As has been the case in recent years, the dry bulk market has been on a downward trend ahead of the Holiday Season for a large part of the world. Th ...
Thursday, 19 December 13
SHIPPING CONFIDENCE HITS THREE-YEAR HIGH - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for more than three years over the three-month period to November 201 ...
Wednesday, 18 December 13
SNP ACTIVITY IN CHINA SEEMS TO BE SLOWING DOWN - CHRISTOS TRAGEAS
Approaching the end of the year, SnP activity in China seems to be slowing down in comparison to the first half of this quarter, as most Chinese Shi ...
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- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
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