We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 01 August 15
DRY BULK MARKET KEEPS ITS MOMENTUM, AS OUTLOOK IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Although conditions remain more than challenging, especially from an economic point of view (aka China’s stock worries), the dry bulk market looks set for a solid summer, after a dreadful first half of the year. Demolitions of older bulkers have certainly helped a lot towards alleviating the overflow of tonnage supply, compared to demand. As a result, yesterday, the industry’s benchmark, the Baltic Dry Index ended up by yet another 10 points, to 1,104 points, on the back of slight gains posted since the start of the week. This marks a total of 19 rising sessions over the course of the past 20 sessions.
Capesizes are leading the way, with the Baltic Capesize Index rising by yet another 113 points yesterday to reach 2,103. Commenting on the Capesize market, shipbroker Fearnley’s said in its latest weekly report that “the Capesize market firmed up this week, driven mainly by strong front-haul market and firm pacific fixtures. West Australian market moved up slightly with fixtures concluded at $6.15 on Monday and jumped up to $6.30 on Tuesday. Wednesday saw an overall positive Australian market with prompt fixtures heard done close to mid-$6.
The front-haul TCT market for Brazil/China r/v moved from USD 14,000 level on Monday to USD 16,500 Tuesday and the voyage rate Tubarao to Qingdao peaked in excess of $16.00. Front-haul market on Wednesday continued its firm stance. Few TA fixtures were concluded this week but this does not seem to affect the positive outlook on front-haul”.
On the Panamax market, Fearnley’s said that “after last weeks positive developments ended subdued, this week started in an unclear direction with paper trading up while physical was inactive. Further in the week tonnage list grew longer in the east overweighing demand and seeing rates slip with pac rounds being concluded around 7k. Eco kamsarmaxes getting high 8 k for Nopac. Front-haul has been thin with what little done at levels below last. Grain still the driver. Also Atlantic have seen less activity and lower rates, owners ask 11k while TA being concluded at closer to 10k level. The few active takers for period are holding back and not rating expecting rates to slip further. Short term we expect market will drop further before a new floor established”.
Finally, in the Handy markets, “rates coming off from last week. USG to east med for handy paying USD 25. Modern 35k vessel getting low USD 14k for Recalada to North Spain. Short periods del US Atlantic redel ww paying low 9 k. Fertilizer from Baltic to Brasil fixed at sub USD 20 for 46.00 10pct stem. Ramadan ended with less fresh cargoes than expected. Ultramaxes getting like 10k+ for Indonesia/Eci rounds. Nopac round to Indonesia for Supra concluded at 8k + bb. North China vessels being fixed in the high 5/low 6k levels for backhaul trips”, Fearnley’s concluded.
Meanwhile, in the demolition market this week, which has helped fuel dry bulk freight rates over the past few weeks, through the decomissioning of substantial tonnage, shipbroker Intermodal noted that “amidst exceptionally thin activity, plummeting prices and fears of things getting even worse going forward, the demolition market spent yet another week in desperate search of positive signs that could support sentiment. The Indian subcontinent market has seen another $15-20/ldt being shed of local bids, while in some cases the discounts were even bigger, scaring away the few potential sellers left in the market. Where does it stop? This seems to be the question on everyone’s mind right now, especially as the end of the Eid holidays seem to have brought no change of appetite in either Bangladesh or Pakistan.
Indian breakers have at the same time stayed on the sidelines for yet another week, with predictions for heavy rains in the following weeks and a weak Rupee adding to the already negative sentiment. Cheap Chinese steel exports remains the main market hurdle that is weighing down on any efforts for a positive market reversal, while the fact that the rebound in dry bulk rates has severely hit the supply of tonnage, is viewed as the only price supporting factor at the moment. Prices this week for wet tonnage were at around $160-345/ldt and dry units received about $140-320/ldt.”, Intermodal concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 05 August 15
SHIPPING MARKET INSIGHT - KATERINA RESTIS
On July 14th, 2015 a historical consensus was reached in Vienna between Iran and the five permanent members of the U.N. Security Council, plus Germ ...
Wednesday, 05 August 15
COAL CONSUMPTION POSTED THE STRONGEST GROWTH AMONG THE FOSSIL ENERGY SOURCES IN 2014 - VDKI
Coal 2014: again the world's fastest-growing primary energy source and an indispensable asset for the success of the energy turnaround.
Ac ...
Wednesday, 05 August 15
FOB INDONESIA THERMAL COAL SWAPS FALL
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week, this past week.
The 4Q swap was declined $ ...
Wednesday, 05 August 15
DRY BULKER PRICES START TO FIRM UP AS MARKET SENTIMENT IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Market pessimism in the dry bulk industry, a trend which had established itself over the course of the year, has started to fade away over the past ...
Tuesday, 04 August 15
FOB RICHARDS BAY COAL SWAPS CONTINUE TO FALL DUE TO SLIDING DEMAND
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
|
|
|
Showing 2886 to 2890 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
|
| |
| |
|
