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Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ended yesterday further down by 22 points, to 824, well below the 1,000-point mark. All major segments fell yesterday, with the Capesize market leading the fall.
According to this week’s report from shipbroker Fearnleys, in the Capesize market, “the bottom has hopefully been reached for now, with a steady number of fixtures out of West Australia to China at USD 7,75 pmt, as well as handful of fixtures out of Brazil at going freight of USD 21,50 pmt. More activity out of Brazil is expected, which will result in immediate healthier rates. Period activity however still remaining slow with one year levels presently sub usd 20,000, considered too low by most owners”, the shipbroker said.
Meanwhile, on the Panamax front, “this week started slowly with little fresh requirements in both hemispheres and this continued as the week went on. We are expecting the index to set a new all-time low on 4tc average before this week is over. In the Atlantic all operators and owners are struggling to fix their prompt ships. Most ships are still trading, but we expect to see more and more ships dropping anchor soon as a trans-Atlantic round is paying close to zero and fronthaul is now well below USD 10k. It is slightly easier to fix your ship in the east, at least if you are willing to accept aps rates with a low ballast bonus.
A pacific round pays around USD 3000 daily. The period market has of course come down as well. But there has been some period activity as we see some owners are willing to take around USD 8000 for a short period as the alternative is so much worse”, Fearnleys said.
Finally, on the Handy markets, “in the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to Usd 5,500 and it is no doubt that this market is heading south before the summer holidays are upon us. Some owners have been able to clear their schedule with letting ships go for shorter or longer periods and achieving decent rates for same with 12k being done for 2 years. The market in Feast remains quiet and weak but rates are somewhat holding steady.
Vessels open Singapore were fixed arnd 8K for trips to India while the ECO tonnage can achieve slightly more. For trips to S.China Supras could fix around 7K. NOPAC is paying arnd 9K +290K BB bss APS. S.Africa is still weakening For trips East rates are around 8,500-9K + 150K BB”, the shipbroker concluded.
Meanwhile, according to shipbroker Intermodal, in the newbuilding market, “the trend of the week prior resumed, with tankers and dry bulkers monopolizing the list of recently reported deals. Prices have not yet witnessed the pressure one would expect under the current overall market environment but the truth is that in most cases the actual discount would not be as obvious, as shipbuilders have been including free extras in their quotes rather than offering straight forward price discounts. This means that actual prices have softened a bit further than what the yards are willing to admit or rather than what current orders reveal. It will be interesting to see how August will pan out for the market, as traditionally there tends to be a step back from over marketing slots during this period and in this instance we might actually get to see the above mentioned discount manifesting on the actual prices. In terms of new orders, the Australian group, Fortescue Metals, has placed an order at Jiangsu New YZJ, in China, for four firm VLOCs (260,000dwt), for a price of US $ 68.75m each and with delivery set between 2016 and 2017″, said Intermodal.
Finally, in the ever-so critical demolition market, Intermodal said that “prices continue to correct downwards in the demolition market and despite the fact that the sales reported this past week appear to still hold around last dones, the reality is that the average bids out of the Indian Sub-Continent are in fact way lower.
The Indian Rupee continues to be the main cause of concern here. The currency lost further strength against the US Dollar for yet another week, on the back of local importers displaying increased appetite for the Greenback. The presence of cash buyers, who are betting on a reverse of the negative climate is still evident though in last week’s sales, the majority of which was once again concluded by Indian breakers at firm levels. The truth is that demo prices have sustained their strength overall during 2014, hence the appetite at these levels is excused if one takes into account the overall performance of the market as well as the resistance of prices during the greater part of the year.
The rest of the market remained stable, with activity remaining lackluster overall. Average prices this week for wet tonnage were at around 325-485$/ldt and dry units received about 310-465$/ldt”, the shipbroker concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 09 July 14
PANAMAX MARKET FINALLY CORRECTING UPWARDS; AVERAGE TC MORE THAN DOUBLING WEEK ON WEEK - INTERMODAL
The Dry Bulk market has closed off on Friday on a more positive note, with most segments noting weekly gains and the Panamax market finally correct ...
Wednesday, 09 July 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
The mini-boom in dry bulker values catapulted ship prices too fast too far over the last one-and-a-half year. The concurrence of historically low p ...
Tuesday, 08 July 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN IN JULY; LOST 1.62%
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia again revised down the coal bench mark price in July. HBA for month of J ...
Tuesday, 08 July 14
ENERGY IN THE MIX - INTERMODAL SHIPBROKERS
With the Tanker freight market having showed much promise this year compared to the performance that had been noted during the previous five, it is ...
Monday, 07 July 14
INDONESIA STATE-CONTROLLED COAL MINER BUKIT ASAM TO TRADE COAL ON-LINE THROUGH JFX
COALspot.com: Indonesian state owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) has teamed up with Jakarta Futures Exchange (JFX) to sell ...
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- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Planning Commission, India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
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