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Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
 A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points.
The Capes saw the greatest movement, sliding -6%, while the BPI fell 5%. The BSI was steady with a rise of 1.4%. However good cargo flow in the Atlantic pushed the Handysize index up 7.7% to reach 740 points. At $10,850, the Handy time charter average finished the week at its highest level since mid-June. In Russia, the government announced ambitious plans to spend nearly $600m on its grain ports, in order to increase capacity by as much as 67% over the next four years. The new investment is forecast to lift grain loading capacity to almost 42 million metric tons from 25 million tons this year. Spending would be focused on developing and adding terminals on the Baltic, Asov and Black Seas. One rail carrier estimated the improvements could increase the discount at which Russia can sell grain at international tender by $7 to $8 per ton.
Capesize
Declines that had perhaps been expected the previous week finally appeared this week, and the BCI lost 6% to finish at 3,136 points. The 4TC fell back to $26,601. In both runs this month, rates have risen to just under $29,000 before quickly retreating. A reduction in cargo movements was notable this week however, particularly towards end week as China began its holidays. With this in mind, we are unlikely to see any major improvements in the coming week. It was a volatile week in the FFA market, but the overall trend was also down with October and Q4 contracts both losing around $1400 w-o-w. Period rates have not softened much however, and short-period was fixing at around $19,000 per day, while two 206,000 tonners (ex yard February 2012) were reported fixed for between 44-50 months at $18,000 per day less 5% commission. As expected, the BCI fell again slightly on Monday.
Panamax
Both the Atlantic and Pacific basins became tighter last week. The Indian Ocean market become stronger too with fresh cargoes released after monsoon. In the Atlantic, available open tonnage dropped significantly over the last week and the TA round voyage reached almost $15,000. On a voyage basis, USEC to Continent was in the $15.50 pmt range while USG to Continent was in the low $20s pmt with a bullish outlook. Some charterers struggled to find the right candidates for trip from US Gulf/US east Coast to Continent. Ballasters expected from the east have not yet reached the area so open vessels in the zone have dropped by 60% in 15 days. Fronthaul rates remained relatively flat in the $22,500/$22,700 range. In the Pacific, open tonnage became tighter as well and dropped by 35% in 15 days. Rates seemed to have found a floor and hold relatively well, helped by the ballasters mentioned before. The Nopac round was around $10,500. Oversupply was absorbed by fresh cargoes put into the market by Chinese players before they went on holiday, which is a good reason to say that this week should be quiet.
Supramax/Handy
The week closed at $15,678 for the BSI (up from $15,460 a week ago) and $10,850 for the BHSI (up from $10,194) in a very quiet note on the eve of long holidays in Asia. To date, the 2011 average for the BSI stands at $14,305, against $22,467 for the whole of 2010. Still down by a solid 36%! Overall, rates remained firm though with the notable exception of Handies in the south Atlantic where the quasi absence of sugar stems put heavy pressure on owners, and India where the iron ore stems are far from covering the number of ships open there - whether in EC India or WC India. As a consequence, ships continued to leave in ballast in the direction of South Africa, and further east to South America. Fronthaul for Supras reached in excess of $22,000 ex west Africa and low $30,000s from USG. Meanwhile $27,450 has been fixed by the 52,000 dwt Stella Maris for a trip USG to the Med. Pacific rounds remained steady in the mid $13,000s.
Source: Barry Rogliano Salles
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Wednesday, 09 September 20
MARKET INSIGHT - INTERMODAL
The uneventful summer lull which is coming to an end soon has left its stigma on the newbuilding market, which has already been devastated by the g ...
Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...
Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...
Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a d ...
Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked
Pakistan risks locking itself into building m ...
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- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
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