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Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
 The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into the new year) has kept the pressure on all dry bulk segments, pushing the indices down to levels not seen in very long time. The BDI ended the week at 862 points (-18.1%), a last reached just after the Lehman Bros shock in October and November 2008.
The individual segments read as follows: the BCI dropped to 1,554 (-9.8%), the BPI and the BSI to 1,020 (-19.3%) and 807 (-16.9%) respectively, and the BHI slipped to 485 points (-9.0%). All sizes continued to head south at the start of the new week.
Capesize
Another severe drop in the Capesize 4TC this last week as China prepared for its New Year celebrations, removing any possibility of a turnaround in the near term. At $6,688 per day by close on Friday, this represents the lowest level for eight months, and a 27% drop on the previous week. At these levels, lay-up has again become a reality. The Atlantic market saw the biggest decline with Bolivar-east Med dropping as much as 10% and Tubarao- Rotterdam 6%. In the Pacific, trade was fairly brisk but rates remained flat to slightly negative at $7.60-$7.65. Tubarao- China dropped 3% to $19.55 by Friday and was reported as low as $19.35. However in the FFA market, activity suggested rates may be close to a bottom, and overall Feb+Mar and Cal12 closed the week up, at $10,529 (+679) and $12,958 (+334). Monday saw another fall in the 4TC however, and the Cape time charter average is now trading at a 6% discount to the Handies.
Panamax
Last week saw the decline in Panamax rates continue unabated in the face of limited fresh cargoes and an ever growing tonnage list. The Atlantic market remained under pressure with the 1A index falling back from $10,731 to $7,824, and 2A index from $21,183 to $18,127. One of the primary drivers behind this trend (besides the distinct lack of cargo) has been the sheer number of ballasters arriving from the East. High coal stockpiles, uncertainty surrounding forward demand for both iron ore and steel products, and the imminent lunar New Year holidays have depressed demand in the Pacific, forcing many owners to search for business elsewhere. Both 1A and 2A markets have subsequently been hammered, with many fixtures in fact being reported at levels well below that of the current index. The supply side is unlikely to improve any time soon, as many newbuilds initially slated for delivery at the end of 2011 are pushed back into Q1 2012. The outlook in the coming weeks remains bearish, with reported 3-5 month period rates declining below $10,000 per day basis delivery Far East. There are some commentators who believe rates should decline less sharply in the coming week or two, although likewise it is also difficult to argue in favour of any sharp improvement.
Supramax/Handy
The Handy/Handymax market saw rates heading south throughout last week although at a slower pace than their larger cousins. The week started at almost $10,000 and closed at $8,500 for the Supras and $7,600 down to $6,900 for the Handies. A remarkable achievement in an otherwise dull market largely affected by the holidays in the Far East. No area was spared except maybe for South America where some activity started, together with the grain exports out of Argentina. That being said, the reduction of the available draft in the river is affecting owners’ revenue.
The rest of the world has been severely hit with the USG taking the biggest hit since there were reports last week of a TES 58 fixing at $13,500 for a trip to the Continent. Period activity has come close to zero, with no one willing to commit, although some index-linked deals randomly surface.
BRS wishing their Chinese readers a Gong Xi Fa Cai.
Source: Barry Rogliano Salles
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
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