The Daily Fixture/Index List of 30th November, 2012

Daily Fixture/Index List 30/11/2012

The Daily Fixture/Index List of 30th November, 2012


BDI 1086 (DOWN 11)

BCI 2199 (DOWN 42)

BPI 980 (DOWN 14)

BSI 766 (UP 6)

BHSI 448 (UP 2)



TIMECHARTER



'Bulk Philippines' 2011 95712 dwt dely Rizhao 3/5 Dec trip via EC
Australia
redel Singapore-Japan $8000 daily - Sinoeast
'Alam Penting' 2005 87052 dwt dely Immingham 4/9 Dec trip via
Baltimore
redel
Hamburg $9500 daily - Transbulk
'Guan Ha1 228' 2012 79775 dwt - Aquavita>
'AOM Milena' 2009 76662 dwt dely NoPac 15/24 Dec trip redel
Singapore-Japan
$8000 daily + $375000 bb - Cargill
'Hai Lu' 2004 76500 dwt dely Bremen spot trip via Murmansk redel UKC
$9000
daily - Norden
'CF Diamond' 2011 75619 dwt dely Rotterdam 5/10 Dec trip via USEC
redel EC
India $15500 daily - Norden
'Bariloche' 2007 75395 dwt dely Dublin ppt trip via St.Lawrence
redel
Spanish
Med $10000 daily - Cargill -
'Hermes' 2012 75000 dwt - $10900
daily>
'Angelic Peace' 2001 74764 dwt dely Qingdao 5/10 Dec trip via NoPac
redel
Red
Sea $8500 daily - Mina Shipping -
'Navios Gemini S' 1994 68636 dwt dely Kemen 1/2 Dec trip via
Indonesia redel
India $7700 daily - Panacore
'Densa Panther' 2011 57631 dwt dely Tuticorin 2/5 Dec 2/3 laden legs
min 50
days redel Singapore-Japan $9750 daily - Oldendorff
'Medi Chennai' 2005 55862 dwt dely aps Richards Bay prompt trip redel
Singapore-Japan $8500 daily + $290000 bb - MUR
'Anna Dorothea' 2008 55473 dwt dely Haldia spot trip via Indonesia
redel
India
$10000 daily - WBC
'Medi Nagasaki' 2003 53098 dwt dely CJK 2/3 Dec trip int steels redel
Philippines $7000 daily - cnr
'Ocean Hope' 1996 29513 dwt dely aps Praia Mole 5/7 Dec trip redel
Continent
$7000 daily - MUR

PERIOD


'Wu Zhu Hai' 2008 76450 dwt dely Nordenham 2/7 Dec 4/6 months trading
redel
worldwide $12500 daily - cnr

ORE


'EdF TBN' 160000/10 Saldanha Bay/Qingdao 8/15 Dec $14.80 fio
scale/30000shinc
-
Kumba
'Cosbulk TBN' 160000/10 Whyalla/Qingdao 21/30 Dec $12.30 fio
40000shinc/30000shinc - Arrium
'Ocean Lady' 2009 160000/10 Dampier/Qingdao 9/11 Dec $8.50 fio
scale/30000shinc
- Rio Tinto
'Bosporus' 1995 150000/10 Nouadhibou/Qingdao 10/19 Dec $24.00 fio
30000shinc
bends - Cargill
'TBN' 70000/10 Kirkenes/Ijmuiden 2/6 Dec $9.15 fio 5 days shinc - Tata

COAL


'SwissMarine TBN' 150000/10 Puerto Bolivar/Rotterdam 16/25 Dec $13.00
fio

The Daily Fixture/Index List of 29th November, 2012

FIXTURES - 29/NOV/2012

The Daily Fixture/Index List of 29th November, 2012


Baltic Exchange Daily Fixture/Index List 29/11/2012


BDI 1097 (DOWN 7) BCI 2241 (DOWN 34) BPI 994 (DOWN 15)

BSI 760 (UP 9) BHSI 446 (UP 4)

Last published BDTI 708 (DOWN 11) BCTI 732 (UP 7)


TIMECHARTER


'Anangel Mariner' 2011 179700 dwt dely Caofeidian 30 Nov/4 Dec trip
via EC Australia redel China $15500 daily - cnr
'CHS Bright' 1995 151053 dwt dely Jintang 2/5 Dec Pacific round
redel Singapore-Japan $13000 daily - cnr
'Artvin' 2011 82231 dwt dely UKC 6/10 Dec trip via US Gulf redel
Skaw-Gibraltar $9000 daily - E.On
'Caravos Triumph' 2012 82181 dwt dely EC South America 10/15 Dec
trip redel Singapore-Japan $15650 daily + $600000 bb - cnr - the report of 28/11>
'Prime Rose' 2012 81547 dwt dely Portbury ppt trip via Norfolk &
Eregli redel Cape Passero $10250 daily - Cerraghil
'Guan Hai 228' 2012 79775 dwt dely South Africa 10/15 Dec trip redel
India $7000 daily + $350000 bb - cnr
'Hermes' 2012 75000 dwt dely Rotterdam 4/9 Dec trip via Dunkirk &
Egypt redel Cape Passero $11950 daily - NNC
'Morning Cloud' 2011 75000 dwt dely Huanghua 29/30 Nov trip via
NoPac redel Japan int petcoke $8150 daily - MOSK
'Capt. Stefanos' 2002 74077 dwt dely Inchon spot trip via NoPac
redel China int grain $7250 daily - Raffles
'Yu Lan Hai' 1991 62873 dwt dely Hong Kong 30 Nov/2 Dec trip via
Indonesia redel S.China $6100 daily - STX Pan Ocean
'Aquapride' 2012 61500 dwt dely retro Tianjin 26 Nov trip via south
east Asia int nickel ore redel south China $9500 daily optn redel
north China $10500 daily - cnr
'Mare Transporter' 2010 56745 dwt dely US Gulf prompt trip redel
Continent $12000 daily - STX Pan Ocean -
'Port Canton' 2012 56745 dwt dely passing Singapore 4/6 Dec trip via
Indonesia redel north China $12000 daily - cnr
'APJ Shirin' 2012 56556 dwt dely passing Singapore prompt trip via
Indonesia redel WC India $13500 daily - cnr
'Tu Qiang' 1998 47324 dwt dely Houston 5/7 Dec trip int scrap redel
Turkey $11750 daily - Cargill

PERIOD


'Navios Lumen' 2009 180661 dwt dely Singapore spot 10/18 months
trading redel worldwide $11500 daily - SwissMarine -
'Rosco Olive' 2010 74896 dwt dely Xingang in d/c 30 Nov/4 Dec 4/6
months trading redel worldwide $7350 daily - Norden

ORE


'C.Utopia' 2007 160000/10 West Australia/China 18/23 Dec $8.55 fio
scale/30000shinc - Noble

The Daily Fixture/Index List of 27th November, 2012

The Daily Fixture/Index List of 27th November, 2012

Baltic Exchange Daily Fixture/Index List 27/11/2012



BDI 1097 (UP 3) BCI 2275 (DOWN 2) BPI 1023 (UP 2)

BSI 742 (UP 10) BHSI 438 (UP 4)

Last published BDTI 721 (DOWN 2) BCTI 715 (UP 6)





TIMECHARTER


'Golden Enterprise' 2011 79471 dwt dely Cape Passero 2/5 Dec 2 laden
legs redel Skaw-Cape Passero $8750 daily - cnr
'Bulk Uruguay' 2011 57937 dwt dely aps NoPac 20/25 December trip
redel Singapore-Japan intention Taiwan $9000 daily + $400000 bb - SK
Shipping
'Conti Larimar' 2011 57075 dwt dely Nantong spot trip via Indonesia
redel India $9000 daily - Oldendorff
'Fleet Phoenix' 2006 55903 dwt dely Kohsichang end November trip via
Indonesia redel Se Asia $10000 daily - cnr

'Ocean Tomo' 2010 55621 dwt dely USGulf end Nov/early Dec trip redel
Singapore-Japan approx $17500 daily - cnr
'Pacific Primate' 1997 49016 dwt dely Cigading 7/10 December 2/3
laden legs min 40 days duration redel India-Japan $9000 daily - Nordic
Bulkcarriers


PERIOD


'Edelweiss' 2004 73000 dwt dely PMO 23/25 Nov 3/5 months trading
redel worldwide $9000 daily - Pacific Bulk -
'Maiden Voyage' 2012 58722 dwt dely Singapore spot 3/4 months trading
redel worldwide $9850 daily - STX Pan Ocean


ORE

'TBN' 160000/10 Saldanha Bay/Qingdao 24/30 Dec $15.10 fio
scale/30000shinc - Oldendorff

The Daily Fixture/Index List of 26th November, 2012

Baltic Exchange Daily Fixture/Index List 26/11/2012

The Daily Fixture/Index List of 26th November, 2012


BDI 1094 (UP 4) BCI 2277 (DOWN 11) BPI 1021 (UP 8)

BSI 732 (UP 8) BHSI 434 (UP 3)

Last published BDTI 723 (No change) BCTI 709 (UP 8)


TIMECHARTER




'Anangel Vigour' 2012 180000 dwt dely Kimitsu spot trip via EC
Australia redel China $16500 daily - Pacific Bulk -
'Bali' 2012 81353 dwt dely Recalada 20/30 Dec trip redel
Singapore-Japan $14750 daily + $475000 bb - Louis Dreyfus
'Q Shea' 2007 76939 dwt dely Aughinish 27 Nov/2 Dec 2 laden legs
redel Skaw-Cape Passero $9000 daily - cnr
'Guo Yuan 8' 2011 75971 dwt dely S.China 28 Nov/3 Dec trip via EC
Australia redel N.China $8500 daily - cnr
'Ecola' 2001 73931 dwt dely Taiwan ppt trip via EC Australia redel
China $8000 daily - BHP Billiton
'Barito' 1996 73008 dwt dely San Ciprian 3/8 Dec 2 laden legs 1st via
Laayoune & Geismar with phosrock redel Skaw-Cape Passero $8650 daily -
PCL

The Daily Fixture/Index List of 23rd November, 2012


The Daily Fixture/Index List 23/11/2012

The Daily Fixture/Index List of 23rd November, 2012


BDI 1090 UP 6

BCI 2288 DOWN 30

BPI 1013 UP 22

BSI 724 UP 8

BHSI 431 UP 7


TIMECHARTER



'Cape Provence' 2005 177022 dwt dely Dunkirk 8/10 Dec trip via
options int
St
Lawrence redel Singapore-Japan $31000 daily - Oldendorff
'Trans Nanjing' 2011 93226 dwt dely Port Said 24/30 Nov trip via
Black Sea &
Saudi Arabia redel Port Said $8000 daily - Fedcom Invest
'Alam Pesona' 2005 87052 dwt dely Ijmuiden 24/29 Nov trip via
Murmansk redel
UKC $9000 daily - Norden
'Kesaria' 2009 81932 dwt dely Paradip 25/30 Nov trip via EC South
America
redel Singapore-Japan $9000 daily - Marubeni
'Bali' 2012 81353 dwt dely EC South America 20/30 Dec trip redel
Singapore-Japan $14750 daily + $475000 bb - Louis Dreyfus
'Ostria S' 2005 76000 dwt dely Brake 2/5 Dec trip via Egypt redel
Cape
Passero $9000 daily - Mina Shipping
'Panamax Trader' 1990 69338 dwt dely Cape Passero end Nov trip via
Baltic &
PG (inc Iran) redel PMO $16000 daily - Alfred C. Toepfer - 21/11>
'Lowlands Beacon' 2011 61400 dwt dely aps NC South America early
December 2
laden legs redel US East Coast $10500 daily - Norden
'26 Agustos' 2002 52455 dwt dely Mumbai spot trip via Indonesia
redel India
$5000 daily - cnr
'Happy Venture' 1996 28587 dwt dely Durban 1/5 Dec trip redel Med
approx
$6125
daily - IVS

PERIOD

'Yasa Eagle' 2012 81000 dwt dely Prachaup 27/30 Nov 10/15 months
trading
redel
worldwide $9000 daily - cnr
'Iron Knight' 2004 76429 dwt dely Qingdao 4/6 months trading redel
worldwide
$8250 daily - Hudson
'Angela Star' 1998 73798 dwt dely Tianjin 5/10 Dec 5/9 months trading
redel
worldwide $7500 daily - Hudson
'Elinakos' 1997 73751 dwt dely Dahej ppt 9/13 months trading redel
worldwide
$7500 daily - Hudson
'Imperial Spirit' 2005 53466 dwt dely N China end November 12 months
trading
redel worldwide approx $9000 daily - cnr

ORE

'Ocean Queen' 2004 170000/10 Port Hedland/Qingdao 7/10 Dec $8.50 fio
scale/30000shinc - BHP Billiton

The Daily Fixture/Index List of 22nd November, 2012

The Daily Fixture/Index List of 22nd November, 2012

The Daily Fixture/Index List 22/11/2012


BDI 1084 UP 11

BCI 2318 DOWN 17

BPI 991 UP 28

BSI 716 UP 10

BHSI 424 UP 8


TIMECHARTER



'Katerina Warrior' 1997 170000 dwt - dwt
from
177000>
'Barock' 2007 82688 dwt dely retro Mundra 16 Nov trip via EC South
America
redel Singapore-Japan $8000 daily - cnr
'Densa Flamingo' 2012 82671 dwt dely Chaozhou spot trip via West
Australia
redel China $9500 daily - Oldendorff
'Diamantina' 2010 82094 dwt dely Immingham ppt trip via Murmansk
redel
Skaw-Cape Passero $9500 daily - cnr
'Key Knight' 2012 82000 dwt dely Hamburg 28/30 Nov trip via Murmansk
redel
Singapore-Japan $15500 daily - Agroship
'Twinkle Island' 2012 82000 dwt dely San Ciprian 22/24 Nov 2 laden
legs redel
Skaw-Cape Passero $8000 daily - E.On
'Darya Lok' 2012 81930 dwt dely Inchon 23/25 Nov trip via EC
Australia redel
EC India $8500 daily - cnr
'Filgalia Prudence' 2012 81480 dwt dely US Gulf 5/10 Dec trip redel
Singapore-Japan $15500 daily + $450000 bb - E.On
'Popi S' 2011 80400 dwt dely Recalada 1/10 Dec trip via EC South
America
redel Singapore-Japan $14500 daily + $450000 bb - CJ International
'Golden Empress' 2010 79463 dwt dely Toros spot 2 laden legs redel
Skaw-Cape
Passero $7250 daily - cnr
'Grain Express' 2004 76466 dwt dely Hamburg 26/30 Nov 2 laden legs
1st leg
Baltic/US Gulf redel worldwide $12500 daily - Oldendorff
'Evoikos Theo' 2000 75681 dwt dely EC South America 10/20 Dec trip
redel
Singapore-Japan $14500 daily + $460000 bb - Bunge
'Efrossini' 2012 75003 dwt dely Recalada 10/20 Dec trip via PG redel
PMO
$14800 daily + $485000 bb - Al Ghurair -
'Captain Evangelos N.M.' 1997 71685 dwt dely CJK 22/23 Nov trip via
Australia
redel Red Sea $10000 daily - STX Pan Ocean
'Sea Venus' 1990 68849 dwt dely Kaohsiung 27 Nov/2 Dec trip via
Indonesia
redel China $7500 daily - cnr
'Mystic Striker' 2011 56854 dwt dely NC South America spot trip
redel E Med
approx $13500 daily - Energy
'APJ Jai' 2011 56594 dwt dely Singapore spot trip via Indonesia
redel
Thailand $9500 daily - cnr
'Yasa Unsal Sunar' 2007 55526 dwt dely USGulf spot trip redel
Singapore-Japan
approx $18000 daily - Jaldhi
'Dubai Crown' 2005 55338 dwt dely Map Ta Phut 23/24 November trip
via
Indonesia redel China intention bauxite $8750 daily - cnr
'Aigeorgis' 2001 50354 dwt dely Umm Qasr 20/24 November trip via PG
redel
China $6500 daily - Bulk Marine
'Aurora Sapphire' 2000 48893 dwt dely USGulf early December trip via
Red Sea
redel Port Said $11500 daily - Tradewinds
'Konstantinos' 1995 43222 dwt dely Panjang 23/28 November trip via
Indonesia
redel India $8000 daily - Bulk Marine
'Lanna Naree' 2012 33843 dwt dely Haldia prompt 2/3 laden legs redel
Singapore-Japan $8000 daily - Ultrabulk

PERIOD

'Good Luck' 2011 75031 dwt dely Jintang 27/28 Nov 4/7 months trading
redel
worldwide $7300 daily - Raffles
'Navios Ulysses' 2007 55728 dwt dely Lanshan spot 3/5 months trading
redel
worldwide approx $9100 daily - Pacnav


ORE



'Ocean Confidence' 2005 170000/10 Port Hedland/Qingdao 12/16 Dec $8.75

MEMORANDUM OF AGREEMENT ( DRAFT )




    MEMORANDUM OF AGREEMENT

               
               Dated: ............,............ 2012
Norwegian Shipbrokers' Association’s Memo-
randum of Agreement for sale and purchase of
ships. Adopted by The Baltic and International
Maritime Council (BIMCO) in 1956.
Code-name
SALEFORM 1993
Revised 1966, 1983 and 1986/87.






SELLER DETAILS
hereinafter called the Sellers, have agreed to sell, and
BUYER DETAILS
hereinafter called the Buyers, have agreed to buy

Name: VESSEL NAME

Classification Society/Class: .. /  ............

Built: ......
By: ..........................................

Flag: ......                                                  
Place of registration: ................

Call Sign: ..........
Grt/Nrt: ..........................

Register Number: IMO Number: ...............

hereinafter called the Vessel, on the following terms and conditions:

Definitions
"Banking days" are days on which banks are open in both in the country of the currency stipulated for the Purchase Price in Clause 1, ................., ............ and in the place of closing stipulated in Clause 8.
"In writing" or "written" means a letter handed over from the Sellers to the Buyers or vice versa,           
a registered letter, telex, telefax or other modern form of written communication.
"Classification Society" or "Class" means the Society referred to in line 4.

1.                    Purchase price  US$  0.000,000 (United States Dollars ..... MILLION, ................ AND ........ THOUSAND) cash


2.  Deposit

As security for the correct fulfilment of this Agreement the Buyers shall lodge a deposit of 20%
(
twenty per cent) of the Purchase Price within 3 (three) banking days from the date this Agreement has been signed by both parties by fax/email or all subjects have been lifted, whichever is the later. This deposit shall be placed with ..........................................in accordance with the terms of their standard Escrow Holder’s letter which is to be signed by both parties. Interest is to be credited to Buyers’ account. Any fees charged for holding said deposit shall be borne equally by the Sellers and the Buyers.

3. Payment

The 20% (twenty per cent) deposit is to be released and 80% (eighty per cent) balance of purchase money is to be paid in full to the Sellers in …………………………………………….: at the time of on delivery of the Vessel in exchange of the delivery documents required by the Buyers, after the Vessel is in every respect physically ready for delivery in accordance with the terms and conditions of this Agreement and Notice of Readiness has been given in accordance with Clause 5.
  
1


2

3

4

5

6

7

8

9

10
11
12
13
14
15

16



17

18
19

20

21
22
23
24


25
26


27
28
29


a)*




b)*
















*





a)





b)







c)
4. Inspections – See Additional Clause 20

The Buyers have inspected and accepted the Vessel’s classification records. The Buyers have also inspected the Vessel at/in  on
and have accepted the Vessel following this inspection and the sale is outright and definite,                 subject only to the terms and conditions of this Agreement.

The Buyers shall have the right to inspect the Vessel’s classification records and declare
whether same are accepted or not within

The Sellers shall provide for inspection of the Vessel at/in I

The Buyers shall undertake the inspection without undue delay to the Vessel. Should the                   Buyers cause undue delay they shall compensate the Sellers for the losses thereby incurred.                The Buyers shall inspect the Vessel without opening up and without cost to the Sellers.                     During the inspection, the Vessel’s deck and engine log books shall be made available for         examination by the Buyers. If the Vessel is accepted after such inspection, the sale shall                 become outright and definite, subject only to the terms and conditions of this Agreement,               provided the Sellers receive written notice of acceptance from the Buyers within 72 hours
after completion of such inspection.
Should notice of acceptance of the Vessel’s classification records and of the Vessel not be
received by the Sellers as aforesaid, the deposit together with interest earned shall be                     released immediately to the Buyers, whereafter this Agreement shall be null and void.

4a) and 4b) are alternatives; delete whichever is not applicable. In the absence of deletions,        alternative 4a) to apply.


5.  Notices, time and place of delivery

The Sellers shall keep the Buyers well informed of the Vessel’s itinerary and shall
provide the Buyers with 7, 5, 3 days approximate notice and 1
days definite notice of the estimated time of  readiness for drydocking/underwater inspection/delivery. When the Vessel is at the place of delivery and in every respect physically ready for delivery in accordance with this Agreement, the Sellers shall give the Buyers a written Notice of Readiness for delivery.

The Vessel shall be delivered charter free, with empty/swept holds and taken over safely afloat at a safe and accessible berth or anchorage at a safe port in Chile with exact port in Sellers’ option.

Expected time of delivery: Between ........................... 2012 and ................ 2012, in the Sellers’ option.
Date of cancelling (see Clauses 5 c),6 b) (iii)and 14): .................... 2012 in the Buyers’ option.

If the Sellers anticipate that, notwithstanding the exercise of due diligence by them, the
Vessel will not be ready for delivery by the cancelling date they may notify the Buyers in
writing stating the date when they anticipate that the Vessel will be ready for delivery and
propose a new cancelling date. Upon receipt of such notification the Buyers shall have the
option of either cancelling this Agreement in accordance with Clause 14 within 7 5 (five) running
days of receipt of the notice or of accepting the new date as the new cancelling date. If the
Buyers have not declared their option within 7 5 (five) running days of receipt of the Sellers’
notification or if the Buyers accept the new date, the date proposed in the Sellers’ notification
shall be deemed to be the new cancelling date and shall be substituted for the cancelling
                      date stipulated in line 61.

The Daily Fixture/Index List of 21st November, 2012


The Daily Fixture/Index List of 21st November, 2012

FIXTURES - 21/NOV/2012



Baltic Exchange Daily Fixture/Index List 21/11/2012



BDI 1066 (UP 12) BCI 2367 (DOWN 2) BPI 933 (UP 31)

BSI 695 (UP 8) BHSI 409 (UP 2)

Last published BDTI 723 (UP 8) BCTI 681 (UP 2)


TIMECHARTER


'Glorious Wind' 2010 83410 dwt dely Gibraltar spot trip via Norfolk
& Black Sea redel Cape Passero $9500 daily - Aquavita
'Fiskardo' 2010 83000 dwt dely Zhuhai 22/27 Nov trip via Indonesia
redel EC India $9500 daily - cnr
'KM Keelung' 2010 82072 dwt - said to be $15000 daily + $500000 bb basis via Cape of Good Hope>
'Prabhu Mohini' 2011 81168 dwt dely Haldia ppt trip via Adelaide
redel China int ore $7200 daily - Cargill
'Furness St.Kilda' 2010 61510 dwt dely Chiba spot trip via Nopac
redel Singapore-Japan $8000 daily - STX Pan Ocean
'Tennei Maru' 2009 58743 dwt dely Vancouver BC end November trip
redel Singapore-Japan $9150 daily + $390000 bb - Pacbasin
'Marylaki' 2010 58114 dwt dely Singapore spot trip via Indonesia
redel S China $9000 daily - cnr
'Metropol' 2012 58000 dwt dely Singapore spot trip via Indonesia
redel WC India $11500 daily - Harmony Innovation
'Xin Hong Bao Shi' 2009 57122 dwt dely Manila spot trip via SE Asia
redel CJK intention coal $9300 daily - cnr
'Mandarin Grace' 2011 56693 dwt dely Singapore spot trip via SE Asia
redel China intention nickel ore $12500 daily - cnr
'Sunny Horizon' 2012 56686 dwt dely Kohsichang spot trip redel
Cigading intention clinker $7750 daily - cnr
'Sun Lucia' 2012 56568 dwt dely Singapore spot trip via Indonesia
redel S China $10500 daily - cnr
'Jin Mao' 2009 54768 dwt dely Lanshan spot trip via SE Asia redel
China intention nickel ore $8000 daily - cnr
'Nicolaos A' 2003 53806 dwt dely Singapore spot trip via Indonesia
redel WC India $13000 daily - Norvic Shipping
'Thor Insuvi' 2005 52480 dwt dely Lome 23/27 November trip via EC
South America redel Singapore-Japan $10500 daily - Cargill
'Las Tortolas' 2011 50633 dwt dely USGulf end November trip redel
Italy approx $10750 daily - Copenship -

PERIOD


'Efessos Wave' 2012 87000 dwt dely Hamburg spot 11/13 months trading
redel worldwde $8500 daily - Cobelfret
'Falcon Trader 1' 2006 55699 dwt dely Quinzhou spot about 3/5 months
trading redel worldwide approx $9250 daily - MUR
'Pilion' 58000 2010 dwt dely WC India end November 1 option 1 year
trading redel worldwide approx $9150 daily 1st yr approx $10500 daily
2nd year - cnr

ORE


'TBN' 160000/10 Port Hedland/Qingdao 11/18 Dec $9.30 fio

INDIA INDUSTRY UPDATES On 22nd November, 2012


INDUSTRY UPDATES
On 22nd November, 2012

STEEL, METALS AND MINING
Close
COAL
Coalmin deallocates mine allotted to Bihar Sponge Iron
The government has decided to deallocate a coal block allocated to Bihar Sponge IronBSE 1.12 % and deduct bank guarantee of Rs 26.5 crore in case of Jindal Steel & Power Ltd (JSPL) and Jayaswal Neco.

"As the company has been given a number of opportunities to develop the coal block and...has failed to develop the same ...it has been decided to deallocate the Macherkunda coal block in the state of Jharkhand from Bihar Sponge Iron Ltd," Coal Ministry said in a letter dated November 20 to the company.

"In addition, it is further decided to return the full bank guarantee amount without any deduction," the letter said.

The Coal Ministry in another letter to JSPL dated November 20 said that it has decided to deduct bank guarantee amounting to Rs 16.5 crore with regard to Jitpur coal block in Jharkhand alloted to the company.

"It has been decided to deduct the proportionate bank guarantee for shortfall in production furnished by the allocatee companies. The bank guarantee to the extent of Rs 16.59 crore be deducted," the coal ministry said in a letter to JSPL.

In another letter to Jayaswal NecoBSE 2.68 %, the ministry said, "It has been decided to deduct proportionate Bank Guarantee furnished by the allocatee companies. The Bank Guarantee to the extent of Rs 10 crore be deducted."

The Inter-Ministerial Group (IMG) has completed the exercise of scrutiny of blocks alloted to both private and public sector firms, which were issued show cause notices for failing to develop mines within stipulated timeframe.

A total of 58 mines were issued show-cause notices for their failure to develop blocks within stipulated timeline.

The government had formed the IMG in July to review progress of coal blocks allocated to firms for captive use.

The CAG had estimated that undue benefits to the tune of Rs 1.86 lakh crore might accrue to private firms on account of allocation of 57 mines to them without auction.
(Economic Times)

Jindal Sees first Mozambique coal exports by January

Jindal Power & Steel has started producing coal at its mine in Mozambique this month, with first exports expected by January next year, the company's country head for Mozambique said at an industry conference on Tuesday.
The company initially plans to produce and ship 1.3 million tonnes of coal, ramping up to 10 million tonnes over three to four years, with potential to double that in the future.
"Production has already started. We expect our first shipment in the next few months, possibly by January," Manoj Gupta told a Coaltrans conference in Maputo.
The mine will produce both coking coal and thermal coal.
The company's mine is not linked to the Sena railway line which Vale and Rio Tinto are using to transport coal to the port at Beira, so Jindal plans to use trucks over 100 km (60 miles) to link up with the Sena line.
The refurbishment of the Sena line to handle 6.5 million tonnes of coal a year has been delayed, forcing Vale to curtail production and exports this year.
There are plans to upgrade the line further to eventually carry up to 18 million tonnes, but critics wonder if this will happen any time soon given already major delays to the first phase of the project.
Mozambique is a hot new destination for coal producers but the poor state infrastructure in a country that remains dirt poor despite rapid economic growth in recent years remains an obstacle to developing the industry.

(Economic Times)

IRON ORE
Iron ore export from India in Oct at 10 year low – Macquarie

According to preliminary figures cited by Macquarie Group Ltd, export of iron ore from India came to

INDUSTRY UPDATES On 20th November, 2012


INDUSTRY UPDATES
On 20th November, 2012
STEEL, METALS AND MINING
Close
COAL
Govt decides to deallocate coal mine jointly given to 3 cos.
Acting on the recommendations of the Inter-Ministerial Group on coal blocks, the government has decided to deduct or forfeit bank guarantees to the tune of Rs 25.7 crore as the case may be, involving 11 firms for sitting idle on coal blocks allocated to them for captive use.

The Coal Ministry has asked for forfeiture of Bank Guarantee (BG) of Rs 11.8 crore with regard to Gondhkari coal block jointly allotted to Maharashtra SeamlessBSE 0.11 %, Dhariwal Infrastructure and Kesoram Industries LtdBSE -0.33 %.

"Accordingly, Gondkhari coal block...is deallocated and bank guarantee amounting to Rs 11.87 crore furnished by the allocatee companies is forfeited and be encashed," the coal ministry said in a letter dated November 15 to Maharashtra Seamless, Dhariwal Infrastructure and Kesoram Industries. The companies whose BG has been ordered for deduction includes, Grasim IndustriesBSE -0.64 %, Gujarat AmbujaBSE -0.41 % Cements, Lafarge India, among others.

The Inter-Ministerial Group (IMG) has concluded the scrutiny of coal blocks allotted to private firms and last month the government had accepted its recommendations for de-allocation of 13 mines and deduction of bank guarantees of 14 allottees. The IMG has also recommended de-allocation of eight such blocks alloted to public sector firms after scrutiny of 19 cases.

A total of 58 mines were issued show-cause notices for their failure to develop blocks within stipulated timeline. The government had formed the IMG in July to review progress of coal blocks allocated to firms for captive use. The CAG had estimated that undue benefits to the tune of Rs 1.86 lakh crore might have accrued to private firms on account of allocation of 57 mines to them without auction.
(Economic Times)

IRON ORE
China continues to remain the top importer of iron ore from Goa

China continues to remain the top importer of iron ore from Goa. Statistics complied by the Goa mineral ore exporters association indicate that over 89% of Goa's registered ore was exported to China in 2011-2012.

Over 38 million tonnes of Goa's registered iron ore was exported in 2011-2012, out of which over 34 million tonnes was exported to China.

Goa exports iron ore to China, Japan, South Korea, Europe and the United Arab Emirates. Besides China, Goa's mining companies export over 2 million tonnes to Japan, over 1 million to South Korea, 3,79,075 tonnes to Europe and 52,500 tonnes to the UAE.

GMOEA statistics said that Fomento resources pvt ltd, Prime mineral exports pvt ltd and Sociedade de Fomento industrial pvt ltd have exported 4,50,343 tonnes of non Goa iron ore to China.

Out of 28 mining companies, which were involved in exports of Goa registered ore, only 5 companies exported ore to Japan. Between, 2003 to 2005 Japan was the number one importer of Goa ore which was replaced by China, after the mining boom in the state.

All 28 companies exported Goan registered iron ore to China. Sesa Goa Ltd and Sesa Resources Ltd exported over 11 million tonnes and Fomento's Sociedade de Fomento Industrial Pvt Ltd, Prime Mineral Exports Pvt Ltd, Fomento Exports Pvt Ltd, and Infrastructure Logistics Pvt Ltd exported over 7 million tonnes.

Meanwhile, VM Salgaocar and Bro PVT Ltd exported over 3 million tonnes, Chowgule and Company Pvt Ltd exported over 1 million tonnes, Timblo Enterprises Limited exported over 2 million tonnes, Panduronga Timblos Industries exported over 1 million tonnes to China.
(Steel Guru)
NMDC aims 48 million tonnes of iron ore capacity by FY15

Business Standard reported that NMDC plans to increase its iron ore production capacity to 48 million tonne per annum by 2014-15 from current installed capacity of 32 million tonne per annum.

The Daily Fixture/Index List of 19th November, 2012

The Daily Fixture/Index List of 19th November, 2012

FIXTURES - 19/NOV/2012



Baltic Exchange Daily Fixture/Index List 19/11/2012


BDI 1054 (UP 18) BCI 2369 (UP 22) BPI 902 (UP 16)

BSI 687 (UP 13) BHSI 407 (UP 2)

Last published BDTI 715 (No change) BCTI 679 (DOWN 2)


TIMECHARTER


'Xin Bai Hai' GMI relet 2010 180086 dwt dely retro Cape Passero 15
Nov trip via options redel Singapore-Japan $29000 daily - Oldendorfff
'Cape Agamemnon' 2010 179221 dwt dely Ijmuiden 29/30 Nov trip via
Pointe Noire redel China $29000 daily - Noble
'King Sail' 2002 177643 dwt dely Gijon 19/21 Nov transatlantic round
redel Singapore-Japan $19250 daily - Noble
'Cape Seagull' 2012 175000 dwt dely Baoshan 25/30 Nov trip via EC
Australia or NoPac redel Singapore-Japan $16200 daily - Oldendorff
'NGM Sailor' 1996 164000 dwt dely retro Dalian 11 Nov trip via EC
Australia redel S.China $11000 daily other China options $12000 daily
- DHL -
'Ultra Tiger' 2008 83611 dwt dely EC South America 25/30 Nov trip
redel Singapore-Japan $14240 daily + $425000 bb - Bunge
'KM Keelung' 2010 82072 dwt dely aps SW Pass 28 Nov/8 Dec trip redel
southeast Asia $14500 daily + $450000 bb - HMM
'Pegasus' 2012 81852 dwt dely Rizhao 21/26 Nov trip via EC Australia
redel China $8250 daily - cnr
'Fair Lady' 2005 76608 dwt dely Port Said 16/18 Nov trip via Black
Sea redel Egyptian Med $6500 daily - cnr
'Capitola' 2001 74832 dwt dely Zhanjiang 18/20 Nov trip via
Indonesia redel S.China $8900 daily - Ocean Faith Shipping Company
'Winning Bright' 2012 58000 dwt dely Batan spot trip via Indonesia
redel Thailand $9000 daily - cnr
'Common Venture' 2011 57002 dwt dely Liverpool spot trip via
Continent redel Turkey $8250 daily - Lauritzen
'Trenta' 2010 56838 dwt dely Rizhao 20/30 November trip via N.China
& Cape of Good Hope redel Continent $6000 daily 1st 60 days $8500
daily balance - Korean a/c -
'Father Neptune' 2009 55700 dwt dely USGulf spot trip redel
Singapore-Japan $18000 daily - Korean charterer
'Yuanning Sea' 2004 55500 dwt - not concluded>
'Annita' 2005 53688 dwt dely Zhoushan spot trip via Indonesia redel
Kohsichang $7000 daily - cnr
'Star Epsilon' 2001 52402 dwt dely Singapore spot trip via Maura
Berau redel CJK $11500 daily - Aquavita
'Sophia' 1996 45758 dwt dely aps Black Sea spot trip redel E Med
$8500 daily - cnr
'Lipica' 1998 42556 dwt dely aps Recalada spot trip redel
Singapore-Japan approx $8000 daily - MUR

'Resko' 2010 29907 dwt dely USEC end Nov/early Dec trip via USA
redel Caribs $7000 daily - ACF Shipping & Trading

PERIOD


'Italic G' 2009 92500 dwt -

The Daily Fixture/Index List of 16th November, 2012

Baltic Exchange Daily Fixture/Index List 16/11/2012

The Daily Fixture/Index List of 16th November, 2012


BDI 1036 (UP 12) BCI 2347 (DOWN 3) BPI 886 (UP 40)

BSI 674 (UP 10) BHSI 405 (UP 2)

Last published BDTI 715 (UP 2) BCTI 681 (No change)


TIMECHARTER


'Orange Tiger' 2011 181399 dwt dely Cape Passero 5/10 Dec
transatlantic round redel Skaw-Cape Passero $17000 daily - Oldendorff
'C. Discovery' 2010 179185 dwt dely Rotterdam 19/22 Nov 2/3 laden
legs redel Skaw-Cape Passero $15000 daily - Cargill
'NGM Sailor' 1996 164000 dwt dely retro Dalian 11 Nov trip via EC
Australia redel China $11000 daily - DHL
'Scandinavian Express' 2010 93016 dwt dely Jintang 17/22 Nov trip
via Abbot Point redel Taiwan $7000 daily - Ark Shipping - from 15/11 report>
'Pedhoulas Fighter' 2012 82000 dwt dely Cape Passero 15 Nov trip via
Colombia redel Skaw-Cape Passero $6250 daily - Copenship
'Andante' 2012 81614 dwt dely Taiwan 18/20 Nov trip via Indonesia
redel India $9000 daily - Ultrabulk
'CSE Harmony Express' 2002 76634 dwt dely Rotterdam 13/18 Nov trip
via N.France & Egypt redel Cape Passero $7000 daily - Mina - week ago>
'Agios Sostis' 2009 75650 dwt dely Xiamen 17/22 Nov trip via
Indonesia redel S.China $9500 daily - cnr
'Grace Future' 2006 75375 dwt dely Piombino ppt trip via Casablanca
redel Pasgagoula int ferts $3750 daily - Klaveness
'Topeka' 2001 74710 dwt dely Kosichang 18/23 Nov trip via Indonesia
redel China $8500 daily - cnr
'Great Intelligence' 2000 74293 dwt dely Mundra 17/22 Nov trip via
EC South America redel Singapore-Japan $6500 daily - Marubeni
'Yong Feng' 2000 74099 dwt dely CJK spot trip via Indonesia redel
China $7000 daily - cnr
'Aspendos' 2003 73975 dwt dely aps NoPac 1/10 Dec trip redel
Singapore-Japan $7500 daily + $375000 bb - Bunge
'Full Spring' 1994 69587 dwt dely Cape Passero spot 2 laden legs 1st
Kamsar/Point Comfort redel Skaw-Cape Passero $5250 daily - United
'K Spinel' 2011 59880 dwt dely passing Gibraltar 19/20 Nov trip via
US Gulf redel Singapore-Japan $10000 daily - STX Pan Ocean
'Bao Yun Sheng' 2011 57000 dwt dely Guangzhou 16/17 Nov trip via
Indonesia redel China $7500 daily - cnr
'Zhou Shan Hai' 2009 56987 dwt dely Dafeng 23/25 Nov trip 60 days
redel Continent $5500 daily - cnr
'AS Valentia' 2009 56823 dwt dely US Gulf 25/27 Nov trip redel
Singapore-Japan $16500 daily - Norden
'Aranda Colossus' 2006 55814 dwt dely Thailand prompt trip via
Indonesia redel China approx $8000 daily - cnr
'Yuanning Sea' 2004 55500 dwt dely Rotterdam 22/24 Nov trip via US
east coast redel Singapore-Japan $9250 daily - Oldendorff
'Ken Orchid' 2011 28225 dwt dely Zhenjiang 18/19 Nov trip redel south
east Asia $6500 daily - Yangtze Navigation

PERIOD


'Great Tang' 2011 180211 dwt dely China ppt 12/18 months trading
redel worldwide $11250 daily - SwissMarine
'Ocean Road' 2009 179147 dwt dely Jintang 27/30 Nov 4/7 months
trading redel China $12500 daily - SwissMarine
'Italic G' 2009 92500 dwt dely China 25/30 Nov 11/13 months trading
redel worldwide rate based on 94% value of BPI timecharter average -
cnr
'Ecoan G.O.' 2008 75131 dwt dely ex drydock Dalian 23/26 Nov 4/8
months trading redel worldwide $7300 daily - Norden
'JOSCO Hangzhou' 2012 58000 dwt dely Nantong 21/23 Nov 4/6 months
trading redel worldwide $9500 daily - Chinese chrtr - of 15/11>


ORE




'Aquagrace' 1997 165000/10 Ubu/Rotterdam 3/10 Dec $12.50 fio 6 days
shinc total 6.25% - Rogesa