Baltic Exchange Dry Index 4111 UP 157
BCI Baltic Exchange Capesize Index 7183 UP 335
BPI Baltic Exchange Panamax Index 3978 UP 101
BSI Baltic Exchange Supramax Index 2147 UP 62
BHSI Baltic Exchange Handysize Index 970 UP 26
- seneste udvikling i BDI > http://www.nordic-drybulk.info/?Dry_Bulk_Index
Australian storm
Friday saw a rush of panamax charters for roundtrips from the Far East to Australia and if you were only getting $30,000 a day you were doing badly.
Figures were routinely a few thousand above this and numbers were even stronger in the Atlantic.
A Japanese charterer is thought to have booked a duo of supramax lifts from the US Gulf to the Far East at $45,000 a day while the capesize Atlantic market continued to strengthen too.
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Capesizes (Index 76.534 USD/dagen)
Louis Dreyfus offshoot Cetragpa went for an Atlantic journey with the 180,200-dwt Linda Dream (built 2007) for $85,000 a day.
Noble has the 171,000-dwt Cyclades (built 2004) from China to Brazil and back at $66,000 daily.
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Panamaxes (Index 31.972 USD/dagen)
In the Atlantic Oldendorff spent $37,500 on a two or three legged voyage with the 83,600-dwt Star of Emirates (built 2008) but most of the action was in the other hemisphere.
BHP Billiton booked a couple of roundtrips from the Far East to Australia paying $32,500 for the 76,600-dwt Maribella (built 2004) and $29,500 for the 74,400-dwt Amira (built 2001).
CSE spent $34,000 on the same itinerary with the 82,000-dwt FD Isabella with the 74,300-dwt Vitaspirit (both built 2009) getting the same amount for a very similar voyage.
China Steel has the 74,500-dwt Alpha Melody (built 2002) for the same trip at $31,500, Norden the 82,500-dwt Nord Phoenix (built 2007) at the same rate, and an unnamed charterer the 77,100-dwt Christina (built 2007) for $1,000 a day more.
Elsewhere Oldendorff and PCL each booked units from India to the Far East, the former spending $35,000 on the 76,400-dwt Hong Yu (built 2009) and the latter $32,000 on the 75,700-dwt Ocean Minerva (built 2007).
The German has also booked the 74,000-dwt Aspendos (built 2003) out of the Persian Gulf to the Far East at $35,000 with an unnamed player spending $36,000 a day for a similar spin with the 69,600-dwt Beilun Seal (built 1997).
In the period market numbers stabilised with Sinochart spending $31,000 a day for about four to six months with the 75,500-dwt Pasquale Della Gatta (built 1996).
On average one month extra cost Dreyfus $27,000 with the 75,700-dwt Rose Atlantic (built 2005) and one month less Cargill $29,000 with the 73,200-dwt Great Bright (built 1997).
Two 11-13 months deals were fixed at decent rates, the 73,900-dwt Lian Hua Feng (built $20,500 and the 72,000-dwt Lopi Z (built 1998) $500 less.
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Supramaxes (Index 22.453 USD/dagen)
Mitsui has spent $45,000 a day on a trip from the US Gulf to the Far East with the 55,600-dwt African Kookaburra (built 2008) with the very same itinerary also netting the $58,700-dwt Tenko Maru (built 2009) the same.
Armada has the 52,400-dwt Captain George 2 (built 1994) from India to China at $24,200.
Rates were still a bit dull in the period market where $21,000 was a high from Dreyfus for four to six months with the 54,100-dwt Karawiek (built 2006).
And Eitzen has the 53,000-dwt Pacific Sea (built 2004) for a year at $17,000.
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By Eoin O'Cinneide in London
Published: 15:15 GMT, 13 nov 2009 | last updated: 15:15 GMT, 13 nov 2009
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http://www.tradewinds.no/drycargo/article548053.ece
15/11 2009 14:27 fcras 0
21977 China Coal Imports May Double on Infrastructure, JPMorgan Says
Saturday, 14 November 2009
China?s coal imports may double as utilities and miners such as Datang International Power Generation Co., China Shenhua Energy Co. and China Coal Energy Co. increase overseas purchases, JPMorgan Chase & Co. said.
Chinese coal imports may exceed 100 million metric tons in 2009 and rise to 200 million tons annually over the next several years, JPMorgan said in a report yesterday.
China imported about 41 million tons last year, Bloomberg data show.
?Until domestic infrastructure bottlenecks in coal transportation can be removed, China will depend more heavily on thermal coal imports to meet the country?s growing electricity demand,? analyst Jing Ulrich said in the report.
China imported a record 48 million tons in the first six months, customs figures show.
Benchmark thermal coal grades may rise to about $100 a metric ton in the fourth quarter of 2010, led by economic growth in Asia and underinvestment in coal capacity, Dileep Srivastava, senior vice president for investor relations at PT Bumi Resources, said last month.
Datang, currently 15 percent self-sufficient in coal, plans to boost its production capacity to achieve as much as 40 percent self-sufficiency by 2015, JPMorgan said.
Of the 75 million tons of coal that Datang needs annually, it imported a record 3 million tons year to date.
?Another driver of coal imports is the inferior quality of domestic thermal coal,? according to the report.
Lower-grade ?brown coal? must be processed before it can be used in power plants, adding further to costs, it said.
Jakarta-based Bumi plans to increase sales to China and India by 2012 when Asia?s biggest thermal-coal exporter boosts production to 100 million tons from 53 million last year.
It may supply 20 percent of its output to each of the two countries.
Competition for regional coal assets is heating up with Chinese and Indian power producers actively attempting to secure more production capacity, JPMorgan said.
Source: Bloomberg
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=73875&Itemid=79
Saturday, 14 November 2009
China?s coal imports may double as utilities and miners such as Datang International Power Generation Co., China Shenhua Energy Co. and China Coal Energy Co. increase overseas purchases, JPMorgan Chase & Co. said.
Chinese coal imports may exceed 100 million metric tons in 2009 and rise to 200 million tons annually over the next several years, JPMorgan said in a report yesterday.
China imported about 41 million tons last year, Bloomberg data show.
?Until domestic infrastructure bottlenecks in coal transportation can be removed, China will depend more heavily on thermal coal imports to meet the country?s growing electricity demand,? analyst Jing Ulrich said in the report.
China imported a record 48 million tons in the first six months, customs figures show.
Benchmark thermal coal grades may rise to about $100 a metric ton in the fourth quarter of 2010, led by economic growth in Asia and underinvestment in coal capacity, Dileep Srivastava, senior vice president for investor relations at PT Bumi Resources, said last month.
Datang, currently 15 percent self-sufficient in coal, plans to boost its production capacity to achieve as much as 40 percent self-sufficiency by 2015, JPMorgan said.
Of the 75 million tons of coal that Datang needs annually, it imported a record 3 million tons year to date.
?Another driver of coal imports is the inferior quality of domestic thermal coal,? according to the report.
Lower-grade ?brown coal? must be processed before it can be used in power plants, adding further to costs, it said.
Jakarta-based Bumi plans to increase sales to China and India by 2012 when Asia?s biggest thermal-coal exporter boosts production to 100 million tons from 53 million last year.
It may supply 20 percent of its output to each of the two countries.
Competition for regional coal assets is heating up with Chinese and Indian power producers actively attempting to secure more production capacity, JPMorgan said.
Source: Bloomberg
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=73875&Itemid=79
