WEEKLY SHIPPING
MARKET REPORT WEEK 38
- 18th September – to 25th September 2012 -
Legal Disclamer
The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report.
Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact: [email protected]
Shiptrade Services SA Tel +30 210 4181814 [email protected] 1st Floor, 110/112 Notara Street Fax +30 210 4181142 [email protected] 185 35 Piraeus, Greece www.shiptrade.gr [email protected]
1
India expects smaller summer grain crop; exports seen unaffected
A delay in India's monsoon rains is likely to reduce summer-sown rice, corn and other grain crops by 10 percent from a year ago, the farm minister said, a drop traders said was too slight to trigger a government ban on exports. Farm Minister Sharad Pawar's forecast was the first of four estimates the government will issue during the 2012/13 crop season, which began in July. Summer-sown crops include rice, corn, other cereals and pulses. Output of summer-planted grain is expected to total 117.18 million tonnes, Pawar told reporters, down 9.8 percent from the previous season. But India has plentiful stocks of rice and corn as a result of two consecutive bumper harvests, and traders said this means any decrease in this year's crop is unlikely to reverse the government's export policy. "There were uncertainties about the monsoon as rains were delayed," Pawar said. "As a result, our estimates may be lower than last year but they are better than expected. "These are just preliminary estimates and I'm confident that production will be substantially higher as has been the case earlier," he added. India is the world's second largest producer of rice and a major exporter of the grain. It is also a significant corn exporter, accounting for about 3 percent of global trade. India relies on the annual monsoon to irrigate more than half of its farmland. The rains were well-below average in the first half of the June-to-September season, including during the key planting month of July, causing drought in cereal and pulse growing regions and raising fears about the fate of other crops. The threat of widespread drought abated, however, after the monsoon staged a revival during the last week of August, improving output prospects for winter crops such as wheat and rapeseed. Pawar urged farmers to take advantage of the late-landing rain and plant their winter crops early. "We must take advantage of revival in rains and improvement in soil moisture and encourage farmers to go for early sowing of winter crops and more than make up for the loss in kharif (summer-sown)," he said. Pawar estimated India's total grain output for the year may fall by 3.3 percent from a year ago to 249 million tonnes, but added that production of rice, wheat, corn and other cereals would still be more than demand. India's summer-sown rice output in 2012/13 is expected to fall 6.5 percent from a year ago to 85.59 million tonnes, Pawar said. Corn is expected to decline 8.2 percent to 14.89 million tonnes while pulses production is also expected to be 14.6 percent lower at 5.26 million tonnes, the minister added. He estimated summer sugar cane output at 335.33 million tonnes, down 6.2 percent and the summer cotton output at 33.4 million bales, down 5.1 percent. (Reuters)
Japan reportedly to ease approval for coal plants
With Japan seeking to move permanently away from nuclear power, the government is looking to ease enivronmental approvals for the construction and upgrade of coal power plants, the Nikkei reported Tuesday. Tokyo officials are hoping to draft guidelines by the end of this year for implentation in 2013 that would speed up the approval process for coal plants, as well as wind and geothermal projects, the report said.
Japan, which hasn't approved a coal-fired plant since 2009, relied significantly on nuclear power before the 2011 Fukushima nuclear disaster turned public opinion sharply against it as a power source. The owner of the now-shuttered Fukushima plant, Tokyo Electric Power Co., hopes to get approval next year under the new guildelines to build a coal plant, the report said. (MarketWatch)
Ukrainian Grain Exports Seen Increasing 63% by UkrAgroConsult
Ukrainian grain exports jumped 63 percent from 12 months earlier so far in the current marketing year begun July 1, UkrAgroConsult said, citing the Agriculture Ministry. Shipments were 4.68 million metric tons as of Sept. 21, the Kiev-based researcher said today in an e-mailed note. Wheat exports came to 2.24 million tons, including 1.67 million tons of milling quality and 580,000 tons of feed grain, it said. The country shipped 960,000 tons of barley and 1.29 million tons of corn, the note showed. (Bloomberg)
Asia Naphtha-Indian Oil sells Chennai vol to PetroChina
Indian Oil Corporation Ltd (IOC) has sold a naphtha cargo out of Chennai for the first time in four months, traders said. The 35,000-tonne cargo, scheduled for Oct. 15-17 loading, was sold late on Friday to PetroChina at premiums of nearly $39 a tonne to its own formula on a free-on-board (FOB) basis. IOC had previously sold a June 4-6 cargo from Chennai, also to PetroChina, at premiums of about $43.50. IOC is the parent company of Chennai Petroleum which had scheduled a maintenance at its 190,000 barrels per day (bpd) Manali plant from July to end September. (Reuters)
Nigerian oil exports to hit 6-month high in Nov
Nigeria's crude oil exports are due to hit a six-month high in November as almost all its oilfields pump near recent peak levels, provisional loading programmes showed. Africa's biggest oil producer is to due sell around 2.12 million barrels per day (bpd) of crude oil in November, up from 2.05 million bpd scheduled to load in October and 1.84 million bpd in September. Provisional loading schedules are subject to minor changes but the programme indicates Nigeria plans to ship its highest volume since May, when it sold just under 2.13 million bpd. Scheduled maintenance work and some acts of sabotage on oil production facilities in the onshore Niger Delta have reduced output over the last few months. A total of 72 full or part cargoes of crude oil will load from 17 different production streams in November, the schedule shows, with several streams close to recent highs. Six full cargoes and three part cargoes will load over 230,000 bpd of distillate-rich Forcados crude in November, up from 194,000 bpd in October, reflecting strong demand for crudes which can produce large quantities of heating oil ahead of the northern hemisphere winter. Nigeria will export around 380,000 bpd of Qua Iboe crude oil in November, up from 368,000 bpd in October. (Reuters)
Shipping , Commodities & Financial News
2
In Brief: Market volatility stable Capes: Notable increase in rates. Rated increased notably with the BCI closing at 1584 improved by 380 points and the average of the 4 TC routes ending up at USD 7,664 whilst the last week had closed around at USD 3,660 levels! In the Atlantic market, fronthaul trips lead the market and fixed around at USD 25,000 reported a rise of USD 5,000 whereas transantlantic round trips ended up around at USD 7,500 increased more than USD 4,000 compared to last week. Same positive sentiment in the Pacific basin with the Australian iron ore trade producing cargoes and covering the available tonnage leading the round trips fixed around at USD 8,000 / USD 8,250 surged by USD 4,500. Period activity closed around at USD 9,500 / USD 10,000 levels for one year period. Panamax: Steadily negative sentiment in both hemispheres. This was also a very slow week in both regions. In the Atlantic basin lots of spot tonnage tended to keep rates in low levels. Transatlantic round voyages were seen fixing at USD 2000 even below in some cases. Fronthauls were fixed at USD 12000 -13000 with a ballast bonus of USD 200K-300K ex US Gulf and East Coast South America respectfully. In the Pacific basin the panamax market remained in rather low levels in general. However there were some exceptionally increased Nopac round requirements and rates were seen slightly higher than last week closing at USD 6000 basis redelivery China. Australian and Indonesian rounds fixtures remained at USD 4500-5000 levels basis delivery Singapore. Short period market also remained at low levels with some reported fixtures for 4-6 months at USD around 6000 daily. Supramax: Slight increase for Supras Rates marginally improved but still at low levels in Atlantic whereas Pacific was firm with the BSI closed at 847 points increased by 13 points. In the Atlantic basin, rates marginally increased but remained at low levels due to oversupply of tonnage. Fronthaul trip ex USG has been reported at USD 18,500 whereas ex Continent at USD 17,000 with redel India. Ex NCSA to Emed has been reported at USD 12,000 levels. ECSA didn’t have enough fresh requirements therefore rates produced only a small increase and remained at low levels. In the pacific market, fresh requirements have been produced with round trips closed around at USD 8,000. Fixture reported Ex Indonesia to ECI basis delivery Singapore at USD 12,000 whereas basis delivery Tuticorin at USD 6,000. Nopac round trips closed around at USD 8,000/ USD 8,250 and Indonesia-China route fixed at USD 8,000 basis delivery South China. Short period fixed around at USD 9,500 / USD 10,000 levels. Handysize: Another week with low rates The oversupply of vessels at ECSA forced the transatlantic round to be done at around USD 6-6.500 levels. Sugar ex Brazil to Black Sea was fixed at USD 31 pmt which makes no sense for ballasters from West Africa where owners felt lucky if they could find rates of USD 10-11.000 aps Recalada for trips to Cont/Med/Bsea. Med/Black Sea kept up the spirit in the Atlantic with a 34k dwt opening West Med, the worst position in this region, seeing around 11k aps Canakkale for WAfrica and around 5k dop for Brazil and USG. In Pacific, negativity continued with vessels preferring to stay at the area with the round voyage paying USD 6,000 compared to the backhaul which was paying USD 3-4,000 involving such long duration. Positions at ECI were doomed to extremely low rates of around USD 3,000 for trips to SEASIA and China while the Aussie round was not better than 5k bss aps and a bb On the period front a modern handy got USD 8,250 for 4/6 mos with delivery N. China while 29k dwt was fixed for 5/7 mos at USD 7,250 basis delivery WCI.
Dry Bulk - Chartering
3
Baltic Indices – Dry Market (*Friday’s closing values)
Index Week 38 Week 37 Change (%)
BDI 774 662 16,92
BCI 1584 1204 31,56
BPI 467 502 -6,97
BSI 847 834 1,56
BHSI 484 477 1,47
T/C Rates (1 yr - $/day)
Type Size Week 38 Week 37 Change (%)
Capesize 160 / 175,000 9000 9000 0,00
Panamax 72 / 76,000 6750 7000 -3,57
Supramax 52 / 57,000 10000 9750 2,56
Handysize 30 / 35,000 8000 7250 10,34
Average Spot Rates
Type Size Route Week 38 Week 37 Change %
Capesize 160 / 175,000
Far East – ATL -10000 -12750 -
Cont/Med – Far East 25000 20000 25,00
Far East RV 8250 3750 120,00
TransAtlantic RV 7500 3250 130,77
Panamax 72 / 76,000
Far East – ATL -2250 -2500 -
ATL / Far East 11000 12250 -10,20
Pacific RV 4500 4000 12,50
TransAtlantic RV 1750 2500 -30,00
Supramax 52 / 57,000
Far East – ATL 4250 3750 13,33
ATL / Far East 15350 15750 -2,54
Pacific RV 8500 8000 6,25
TransAtlantic RV 7350 7500 -2,00
Handysize 30 / 35,000
Far East – ATL 3000 3500 -14,29
ATL / Far East 12000 13000 -7,69
Pacific RV 5000 5250 -4,76
TransAtlantic RV 6750 6500 3,85
Dry Bulk - Chartering
4
ANNUAL
JULY 2012 – SEPTEMBER 2012
Dry Bulk - Chartering
5
Dry Bulk - Chartering
Capesize Routes – Atlantic 2011 / 12
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
$25.000,00
$30.000,00
$35.000,00
$40.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46
C2 TUB/ ROT
C4RBAY /ROTC7 BOL/ ROT
C8 T/ARV
AVGALL TC
Capesize Routes – Pacific 2011 / 12
$0,00
$10.000,00
$20.000,00
$30.000,00
$40.000,00
$50.000,00
$60.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46
C3 TUB /PRC
C5 WAUST /PRC
C9 CONT /FE
C10 FE R/V
Panamax Routes – Atlantic 2011 / 12
0
5000
10000
15000
20000
25000
30000
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46
P1A T/A RV
P2ACONT/FE
6
Dry Bulk - Chartering
Panamax Routes – Pacific 2011 /12
$5.000,00
$0,00
$5.000,00
$10.000,00
$15.000,00
$20.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49
P3A FE R/V
P4 FE/CON
AVG ALL TC
Supramax Routes – Atlantic 2011 /12
0
5000
10000
15000
20000
25000
30000
35000
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46
S1A CON / FE
S1B BSEA / FE
S4A USG /CONT
S4B CONT /USG
S5 WAFR / FE
Supramax Routes – Pacific 2011 / 12
$0,00
$2.000,00
$4.000,00
$6.000,00
$8.000,00
$10.000,00
$12.000,00
$14.000,00
$16.000,00
$18.000,00
1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46
S2 FE R/V
S3 FE / CON
S7 ECI / CHI
AVG ALL TC
7
VLCC: The Middle East fixtures showed some positive signs and October program does not show much
oversupply of units until today. The Atlantic market also provided some gains for owners.
Suezmax: The general feeling was positive throughout the week with the October west Africa program making
the Atlantic Suezmax market creating some gains for owners.
Aframax: The Atlantic market showed some stability this week, with the existing units being enough to cover
demand, thus not showing further gains but a sense of stability.
Panamax: The Caribbean market did not show any gains as many vessels opened in the region, thus the CBS –
USAC route lost about 15 points The European market posted some profits which where about 2.5 points for the
Cont-USAC route.
Products: -
Baltic Indices – Wet Market (*Friday’s closing values)
Index Week 38 Week 37 Change (%)
BCTI 639 592 7,94
BDTI 642 634 1,26
T/C Rates (1 yr - $/day)
Type Size Week 38 Week 37 Change (%)
VLCC 300.000 19,750 19,750 0,00
Suezmax 150.000 17,000 17,000 0,00
Aframax 105.000 13,750 13,750 0,00
Panamax 70.000 13,000 13,000 0,00
MR 47.000 13,250 13,250 0,00
Tanker - Chartering
8
Crude Tanker Average Spot Rates
Type Size (Dwt) Route Week 38 WS
Week 37 WS
Change %
VLCC
280,000 AG – USG 27 28 -3,57
260,000 W.AFR – USG 42.5 42.5 0,00
260,000 AG – East / Japan 40 40 0,00
Suezmax
135,000 B.Sea – Med 55 55 0,00
130,000 WAF – USAC 60 55 9,09
Aframax
80,000 Med – Med 75 75 0,00
80,000 N. Sea – UKC 85 85 0,00
80,000 AG – East 117.5 115 2,17
70,000 Caribs – USG 90 85 5,88
Product Tanker Average Spot Rates
Type Size (Dwt) Route Week 38 WS
Week 37 WS
Change %
Clean
75,000 AG – Japan 97 95 2,11
55,000 AG – Japan 112 118 -5,08
38,000 Caribs – USAC 105 102.5 2,44
37,000 Cont – TA 147.5 130 13,46
Dirty
55,000 Cont – TA 110 107.5 2,33
50,000 Caribs – USAC 107.5 122.5 -12,24
Tanker - Chartering
9
VLCC Trading Routes 2011 / 12
Suezmax Trading Routes 2011 / 12
Aframax Trading Routes 2011 / 12
Tanker - Chartering
10
Clean Trading Routes – 2011 / 12
Dirty Trading Routes – 2011 / 12
Tanker - Chartering
11
Waiting for market Signs
The BIFFEX is located in historical lows and some buyers are presently keeping a “wait and see” stance as no one knows
where the market bottom is. Add to this the fact that ships of 20-30 years old represent an approximate 20% of the global
fleet and are going or will be going for demolition eventually and a similar percentage represents ships entering the waters
from the shipyards within the next 2 – 3 years and this can provide an equilibrium point in ship supply. The problem though
remains in the global financial markets as both Developing Markets and Emerging ones have not yet found their rhythm in
anticipation of the Western Economies Global financial problems being faced and resolved. We may have the right amount
of ships but we need the development pace to rise also if we are to see any positive results.
This weeks’ Shiptrade enquiry Index is showing increased interest for Handysize tonnage built from mid nineties up to
modern. Handymaxes continue to show some interest and Panamax buyers seem to not be so firm for the time being; and
neither does interest for capes. Regarding wet tonnages, interest for aframaxes is firming with ages ranging from late
nineties up to resales, VLCC’s have seen an increased interest as well mostly from Greek and Far east based owners. Some
owners have been stirring up the market for Panamax tankers 10 – 15 years old. MR tankers continue being of strong
interest with ages ranging from late nineties built tonnages up to modern ones.
One of the notable sale of this week was the “New Alliance” (27.900 dwt Built 1996 Hakodate JPN) was sold to Chinese
buyers for USD 6.5 mill and “Clipper Grace” (30.500 built Shanhaiguan CHN 2007) which was reported sold for 11.3 mill to
Greek buyers. Also Mr Tanker Rainbow Quest (47.200 Built Onomichi JPN 1999 pumproom fitted) was reported sold for usd
11.75 mill to Indian buyers.
NEWBUILDINGS
In the newbuilding market, we have seen 7 vessels reported to have been contracted.
1 Bulk carriers (Panamax)
2 Tankers (Suezmax)
DEMOLITION
The demo market is at its lowest levels, Bangladesh is facing problems, as banks are not able to provide Letters of Credit for
further purchases of Dry or Wet tonnages, although it seems that for Container vessels they are indicating levels of USD 380
/ LT. India seems to be the only destination with regard to some availability for end buyers with finance, although we are
hearing that there are not many around and offering levels are on the lower side, even below the USD 400 / LT mark. China
is also on its lowest levels with no any actual activity.
Sale & Purchase
12
Indicative Market Values – ( 5 yrs old / Mill $ )
Bulk Carriers
Week 38 Week 37 Change %
Capesize 34 34 0.00
Panamax 22 22 0.00
Supramax 19 19 0.00
Handysize 17 17 0.00
Tankers
VLCC 58 58 0.00
Suezmax 44 44 0.00
Aframax 27 27 0.00
Panamax 27 27 0.00
MR 23 23 0.00
Weekly Purchase Enquiries
SHIPTRADE P/E WEEKLY INDEX
0
50
100
150
200
250
300
350
27/1
2/2
011-9
/1/2
01
210-1
6/1
/2012
17-2
3/1
/2012
24-3
0/1
/2012
31/1
-6/2
/2012
7-1
3/2
/20
12
14-2
0/0
2/2
012
21-2
7/0
2/2
012
28/2
-5/0
3/2
012
6-1
2/0
3/2
012
13-1
9/0
3/2
012
20-2
6/0
3/2
012
27/3
-2/4
/2012
3-9
/4/2
01
210-1
6/4
/2012
17-2
3/4
/2012
24/4
-1/5
/2012
2-8
/5/2
01
29-1
5/5
/20
12
16-2
2/5
/2012
23-2
9/5
/2012
30/5
-5/6
/2012
6-1
2/6
/20
12
13-1
9/6
/2012
20-2
6/6
/2012
27/6
-3/7
/2012
4/7
-10/7
/2012
11/7
-17/7
/2012
18-2
4/7
/2012
25-3
1/7
/2012
1-7
/8/2
01
28-1
4/8
/20
12
15-2
1/8
/2012
22-2
8/8
/2012
29/8
-4/9
/2012
5-1
1/9
/20
12
12-1
9/9
/2012
19-2
5/9
/2012
KOREA CHINA SPORE
KCS GREECE OTHER
SUM
Sale & Purchase
13
Reported Second-hand Sales
Bulk Carriers Name Dwt DoB Yard SS Engine Gear Price Buyer
Rubin Hope 170.409 1999 IHI, JPN 07/2014 Sulzer - 15.25 mill Sinokor
Warrior 243.850 1990 IHI, JPN 12/2013 Sulzer - Undisclosed Undisclosed
General 238.818 1992 Hitachi, JPN 05/2014 B&W - Undisclosed Undisclosed
Lara Rickmers 44.600 1997 Szcezecinska, CRO 04/201 Sulzer 3 X 40T 5.3 mill China
Clipper Grace 30.548 2007 Shanhaiguan, CHN 10/2012 B&W 4 X 30 T 11.3 mill Greek
New Alliance 27.904 1996 Hakodate, JPN 07/2016 MIT 4 X 30 T 6.5 mill Chinese
Koper 22.150 1993 Saiki, JPN 04/2013 MIT 4 X 30 T 4.3 mill Middle East
Tankers Name Dwt DoB Yard SS Engine Hull Price Buyer
Yiomaral 299.085 1993 Daewoo, KOR 03/2016 Sulzer DH 25.5 mill Greek
Crete 298.432 1995 Daewoo, KOR 07/2015 Sulzer DH 27 mill Greek
Hellespont Trader 147.916 1996 Samsung, KOR 05/2016 B&W DH 11.7 mill Undisclosed
Rainbow Quest 47.221 1999 Onomichi, JPN 10/2014 B&W DH 11.75 mill
(pumproom type)
Indian
Samho Spinel 5.627 2008 Samho, KOR 07/2013 Hanshin DH 7.8 mill
(via auction) Undisclosed
Budi Jasa 12.000 2006 Fujian, CHN 09/2016 B&W DH 7.8 Chinese
Containers Name TEU DoB Yard SS Engine Gear Price Buyer
Mare 974 2009 Hegemann, GER 03/*2014 MAK - 12.75 US Buyers
Sale & Purchase
14
Newbuilding Orders
No Type Dwt / Unit Yard Delivery Owner Price 1 BC 78.000 Sasebo 2013 DST -
1 + 1 Tanker 130.000 Samsung 2014 AET -
Newbuilding Prices (Mill $) – Japanese/ S. Korean Yards
Newbuilding Resale Prices
Bulk Carriers
Capesize 45 42
Panamax 31 29
Supramax 29 27
Handysize 23 21
Tankers
VLCC 93 85
Suezmax 60 58
Aframax 47 42
Panamax 40 37
MR 34 31
Newbuilding Resale Prices
Bulk Carriers (2008 – Today) Tankers (2008 – Today)
Newbuildings
15
Demolition Sales
Vessel Type Built Dwt Ldt Buyer Country Price KS Ace BC 1983 28.234 7.842 India 400
Vivian BC 1983 41.829 7.952 India 415
Yuan Cheng BC 1986 18.030 7.630 India 405
Demolition Prices ($ / Ldt)
Bangladesh China India Pakistan
Dry 375 290 390 390
Wet 400 320 415 415
Demolition Prices
Bulk Carriers (2008 – Today) Tankers (2008 – Today)
Demolitions
16
Shipping Stocks
Commodities
Commodity Week 38 Week 37 Change (%) Brent Crude (BZ) 110,19 113,47 -2,89
Natural Gas (NG) 2,88 2,84 1,41
Gold (GC) 1765 1773 -0,45
Copper 375,65 376,60 -0,25
Wheat (W) 355,77 349,52 1,79
Dry Bulk
Company Stock Exchange Week 38 Week 37 Change % Baltic Trading Ltd (BALT) NYSE 3,45 3,43 0,58
Diana Shipping Inc (DSX) NASDAQ 6,96 7,04 -1,14
Dryships Inc (DRYS) NASDAQ 2,53 2,59 -2,32
Euroseas Ltd (ESEA) NASDAQ 1,16 1,15 0,87
Excel Maritime Carriers (EXM) NYSE 0,63 0,48 31,25
Eagle Bulk Shipping Inc (EGLE) NASDAQ 3,98 3,67 8,45
Freeseas Inc (FREESE) NASDAQ 0,24 0,23 4,35
Genco Shipping (GNK) NYSE 4,04 3,87 4,39
Navios Maritime (NM) NYSE 3,95 3,94 0,25
Navios Maritime PTN (NMM) NYSE 14,96 14,99 -0,20
Paragon Shipping Inc (PRGN) NASDAQ 0,48 0,44 9,09
Star Bulk Carriers Corp (SBLK) NASDAQ 0,62 0,53 16,98
Seanergy Maritime Holdings Corp (SHIP) NASDAQ 2,18 2,06 5,83
Safe Bulkers Inc (SB) NYSE 6,15 6,13 0,33
Golden Ocean (GOGL) Oslo Bors (NOK) 4,42 4,24 4,25
Tankers Capital Product Partners LP (CPLP) NASDAQ 7,96 7,69 3,51
TOP Ships Inc (TOPS) NASDAQ 1,15 1,22 -5,74
Tsakos Energy Navigation (TNP) NYSE 5,64 6,05 -6,78
Other
Aegean Maritime Petrol (ANW) NYSE 6,49 7,31 -11,22
Danaos Corporation (DAC) NYSE 3,27 3,25 0,62
StealthGas Inc (GASS) NASDAQ 6,87 6,79 1,18
Rio Tinto (RIO) NYSE 49,39 53,08 -6,95
Vale (VALE) NYSE 18,63 19,35 -3,72
ADM Archer Daniels Midland (ADM) NYSE 27,02 27,19 -0,63
BHP Billiton (BHP) NYSE 69,95 72,21 -3,13
Financial Market Data
17
Currencies
Week 38 Week 37 Change (%) EUR / USD 1,29 1,31 -1,53
USD / JPY 78,18 78,23 -0,06
USD / KRW 1119 1116 0,27
USD / NOK 5,73 5,68 0,88
Bunker Prices
IFO 380 IFO 180 MGO Piraeus 640 675 980
Fujairah 655 680 1035
Singapore 65 665 955
Rotterdam 635 663 965
Houston 640 685 1025
Port Congestion*
Port No of Vessels
China Rizhao 17
Lianyungang 41
Qingdao 76
Zhanjiang 30
Yantai 29
India
Chennai 7
Haldia 10
New Mangalore 10
Kakinada 10
Krishnapatnam 18
Mormugao 11
Kandla 51
Mundra 19
Paradip 15
Vizag 40
South America
River Plate 257
Paranagua 46
Praia Mole 17
* The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at
anchorage, working, loading or expected to arrive in various ports of China, India and South America during Week 38 of year
2012.
Financial Market Data / Bunker Prices / Port Congestion