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BDI tirsdag 30.06.09 +23

14502 fcras 30/6 2009 16:21

Baltic Exchange Dry Index 3757 UP 23

BCI Baltic Exchange Capesize Index 7241 UP 25
BPI Baltic Exchange Panamax Index 2904 UP 67
BSI Baltic Exchange Supramax Index 1701 DOWN 14
BHSI Baltic Exchange Handysize Index 754 DOWN 4

30/6 2009 16:25 fcras 014504

Tuesday, 30 June 2009

More than half of India's exports to China are iron ore. Beijing is also heavily dependent on supplies from Australia, Japan and South Korea to feed its high speed industrial growth. But the situation may change dramatically in future with Chinese geologists discovering Asia's largest iron ore deposit in northwest China.

The Bureau of Geology and Mineral Resources Exploration in Liaoning Province has announced it has found an iron ore deposit with an estimated reserve of more than 3 billion tonnes. It will take some time before any of the ores is actually mined but it is good news for the planners in the National Development and Reform Commission in Beijing, who maps the long-term trajectory of development.

The iron content in the ores, which is an important aspect for the steel industry, ranges between 25% and 62%, the local government said. Apparently, the quantum of low-grade iron ore is higher than the high grade ones at 60-62% per cent. But China has already impressed upon the world with its capacity to upgrade low-grade iron ore through certain industrial processes.

"The deposit can be exploited for more than 50 years," Yu Wenli, head of the bureau in Liaoning was quoted as saying in the official media. "We found high-grade iron ore even at a depth of 2,015 metres," he said. But most of deposit is available at depths of 1,200 metres to 1,860 metres and spanning an area of 4 km by 3 km, The iron ore deposit is a mixture of magnetite and hematite.

The Benxi municipal government hailed it as "Asia's largest deposit". China's minister of land and resources Xu Shaoshi has urged the local authorities to start exploitation "as quickly as possible". News of the discovery has given a boost to share prices of steel makers like Baosteel, Angang Steel and Hunan Valin Iron and Steel Group.

Going by its current level of usage, the deposit is enough to satisfy China's requirement of iron ore for 25 years, sources said. The province has yielded good quantities of iron ore in the past.

Source: Times Of India

30/6 2009 17:26 fcras 014510

Italian dives in

Italian owner RBD Armatori continued to be very active in the period market as it snapped up a unit and let two others leave on relet.

Panamax spot rates were strong in the Black Sea and in the Atlantic but generally weaker in the Pacific.


Greek owner Anangel has fixed a 177,000-dwt newbuilding out of SWS in Korea to Cosco for between 30 and 32 months at a strong $32,500 per day.


RBD Armatori has relet the 82,300-dwt Ellina (built 2008) for five to seven months at $32,500 per day having spent $24,000 daily in mid June for a year.

CTP was bust too as it spent $32,000 a day for three to five months with the 76,700-dwt Nord Fortune (built 2008) and $20,000 a day for on average a month more with the 73,900-dwt Genco Vigour (built 1999).

Farenco spent near $20,000 a day for four to six months also with the 69,600-dwt Joyous Fortune (built 1994).

A trip from the Red Sea to the Black Sea and on to China set Richstone back $36,000 a day with the 77,500-dwt Hebei Mercy (built 1985).

A front haul via the US Gulf with the 73,400-dwt Maritime Wisdom (built 1993) set STX Pan Ocean back $33,500.

The 73,300-dwt Bulk Fern (built 1998) will run from Brazil to the Far East for Sinochart for $27,000 a day and a huge ballast bonus of $700,000.

There were some good Atlantic roundtrip rates with Swiss Marine spending $28,000 on the 83,700-dwt Atlantic Legend (built 2009) and Cargill $27,250 on the 74,500-dwt FD GEnnaro Aurilia (built 2007).


RBD Armatori has taken the 58,500-dwt newbuilding Bulk Pegasus out of a Japanese yard for 11 to 13 months at $16,000 starting in July.

The Italian has also released the 55,500-dwt Aston Trader 2 (built 2008) on relet for the same period to Daeyang at $17,250.

The spot market was pretty muted but ED&F Man did pick up the 50,300-dwt Speedwell (built 2003) for a trip from Brazil to Europe at $25,000 a day.

By Eoin O'Cinneide in London
Published: 13:06 GMT, 30 jun 2009 | last updated: 13:06 GMT, 30 jun 2009

1/7 2009 11:14 fcras 014543

Newcastle Weekly Coal Exports Rise 12%; Ship Queue Increases

Wednesday, 01 July 2009

Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12 percent last week while the number of vessels waiting to load increased to the most since December 2007.

The volume exported in the week ended 7 a.m. local time yesterday climbed to 1.7 million metric tons from 1.52 million tons a week earlier, Newcastle Port Corp. said on its Web site.

A total of 46 ships, waiting to load 3.65 million tons of coal, were outside the harbor.

In the week ended Dec. 24, 2007, the queue comprised 47 ships.

Coal ships queued for an average 14.3 days to load, up from 13.4 days a week earlier, Newcastle Port said.

The waiting time compared with 0.1 day for general cargo vessels, it said.

Power-station coal prices at Newcastle port, a benchmark for Asia, fell 3 percent to $68.69 a metric ton in the week ended June 26, 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

Weekly Operations Report
Vessel Traffic Information Centre

Week Ended - 0700 hours 29 June 2009