Baltic Exchange Dry Index 3216 DOWN 159
BCI Baltic Exchange Capesize Index 5667 DOWN 437
BPI Baltic Exchange Panamax Index 2917 DOWN 52
BSI Baltic Exchange Supramax Index 1724 UP 8
BHSI Baltic Exchange Handysize Index 759 UP 8
7/7 2009 16:57 fcras 0
14874 Atlantic cools
The recent drop in capesize rates in the Atlantic was evidenced by a charter from George Economou’s Classic Maritime on Tuesday. But front haul fixture rates are holding their own.
There was quite a flurry of activity between China and Australia for panamaxes but rates are nothing to get too excited about while Atlantic rates are looking reasonable in this market.
Capesizes
Classic has spent $66,000 a day to take the 171,200-dwt Ocean Cosmos (built 2000) on an Atlantic roundtrip. The Greek owner was splashing out $100,000 a day only recently for such an itinerary.
Classic may, however, decide to take the ship on a front haul instead in which case the fee is a much more robust $85,000 a day.
Panamaxes
The pick of the bunch was undoubtedly the $43,000 daily Pacific Bulk put down for a trip from the east coast of South America to China with the 92,600-dwt Eptalofos (built 2007). The charterer has also committed a huge ballast bonus of $750,000.
A front haul from China Steel Express cost $34,000 per day with the 74,100-dwt Alabanda (built 1995).
By way of contrast a back haul set Norden back just $13,500 a day with the 72,400-dwt Fu Kang (built 1997).
Cargill spent a decent $30,000 per day on an Atlantic itinerary with the 73,600-dwt Epanorthosis (built 2004).
Noble booked a brace of China-Australia roundtrips while BHP Billiton weighed in with one on the route.
Noble spent $21,500 daily on the 73,100-dwt Sanmar Paragon (built 1996) and $19,250 on the 75,700-dwt Medi Rotterdam (built 2002).
Supramaxes
The period market has been quiet of late and Tuesday was no exception. Cargill did, however, spend $20,500 a day on three to seven months with the 50,200-dwt Tern (built 2003).
There were some strong voyage rates, however, as Bulkhandling spent $33,000 a day for the 55,000-dwt An Ning (built 2009) to leave the US Gulf for the Med.
Noble continued its spending ways by putting down $25,000 a day and $320,000 in bonus for a Brazil-Southeast Asia trip with the 48,200-dwt Sparrow (built 2000).
A Med-West Africa spin set Oldendorff back $24,500 a day with the 54,900-dwt Sparna (built 2006).
By Eoin O'Cinneide in London
Published: 12:39 GMT, 07 jul 2009 | last updated: 12:39 GMT, 07 jul 2009
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7/7 2009 17:01 fcras 014876 Barry Rogliano Salles Weekly Dry Bulk Market No 640
Tuesday, 07 July 2009
Contrasting fortunes in the dry markets last week, with the large ships losing almost 10% as the iron ore talks failed to reach a conclusion. By contrast, the BPI firmed on the back of strong Atlantic activity, rising 7% and breaking through the 3,000 point mark again....................... link
http://download.hellenicshippingnews.com/pdf/BRS/dbnl-640-2.pdf
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8/7 2009 07:09 fcras 014921 Wednesday, 08 July 2009
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 10 percent last week while the number of vessels waiting to load increased.
The volume exported in the week ended 7 a.m. local time yesterday climbed to 1.86 million metric tons from 1.7 million tons a week earlier, Newcastle Port Corp. said on its Web site.
Forty-seven ships, waiting to load 3.8 million tons of coal, were outside the harbor, the most since Dec. 24, 2007, when the queue was the same length.
Coal ships queued for an average 11.7 days to load, down from 14.3 days a week earlier, Newcastle Port said. The waiting time compared with 0.34 day for general cargo vessels, it said.
Power-station coal prices at Newcastle port, a benchmark for Asia, rose 6.5 percent to $73.13 a ton in the week ended July 3, according to the globalCOAL NEWC Index.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship coal through Newcastle.
Source: Bloomberg
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=55150&Itemid=79
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The Port of Newcastle > Shipping > Weekly Operations Report
Weekly Operations Report
Vessel Traffic Information Centre
Week Ended - 0700 hours 6 July 2009
http://www.newportcorp.com.au/site/index.cfm?display=111672
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8/7 2009 07:31 fcras 014922 Wednesday, 08 July 2009
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Exports rose to 5.52 million metric tons from 5.15 million tons in the same month a year earlier, the terminal said in an e-mailed response to questions today, without giving reasons for the increase. In May the port shipped 3.76 million tons, a 16-month low.
Prices of coal exported from the port rose to the highest in more than four months in June. The fuel climbed to $65.30 a ton in the week ended June 12, according to Hampshire, England-based market researcher McCloskey Group Ltd. That’s the highest since the week ended Feb. 20 when the price was $68.35 a ton.
The terminal on South Africa’s northeastern coast is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc. It is the biggest source of coal for European power plants.
At its current shipment rate Richards Bay will export 56.3 million tons of coal this year compared with a capacity of 76 million tons and actual shipments of 61.79 million tons last year.
Stockpiles declined to 4.05 million tons as of June 30 from 4.32 million tons at the end of May.
Seventy-three ships were loaded during the month and 680 trains arrived at the facility, RBCT said. It received 5.25 million tons of the fuel by rail.
Source: Bloomberg
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=55142&Itemid=79
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Richards Bay Coal Terminal Ltd.
http://www.rbct.co.za/
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