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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
 SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. Rates were under pressure in both basins due to a lack of prompt stems. In the Continent, Supras are getting low/mid US$ 30,000s for a TCT to the east Med with scrap. In the USG a modern 53,000 tonner was fixed at US$ 38,000 with redelivery in the Continent - about US$ 10,000 less than the previous week. In Brazil, most of the grain exporting ports have around 2 weeks congestion. Supras are getting high US$ 20,000s per day basis delivery west Africa redelivery Skaw/ Passero.
With India as the backbone of the Pacific recently, March loaders were able to get the higher numbers, with ships fixing in the low US$ 50,000s on the west coast, mid US$ 40,000s on the east coast, both for trips China, and ballasters from China/Far East loading in India in the region of mid to midhigh US$ 20,000s.
This kept the Pacific firm for the first half of the week, together with a number of stems out of Nopac and Australia (around mid US$ 20,000s), and Indonesia (high teens to low/mid US$ 20,000s). However, rates came off towards the end of the week, as vessels that could make March dates were fixed, and the market took a breather on April positions. Owners were still bullish on short period numbers, with many talking mid to mid/high US$ 20,000s for deliveries in the Far East, but charterers in general were not ready to pay those levels.
PANAMAX
The Panamax market witnessed a substantial correction as rates tumbled across both basins, as the BPI dropped 379 points and the average of the 4 time charter routes fell US$ 3,034 on the week. Weaker sentiment and a lack of fresh enquiry, together with a lack of support both from the paper market and the Capes, succeeded in pushing rates down. The Atlantic saw round voyage rates slip to the low US$ 30,000s region and upper US$ 20,000s for the equivalent round voyage in the Pacific basin. There was very little period activity of note to report as charterers backed away with paper values falling. With Easter holidays in Europe at end of this week pending, one would expect to see a similar trend in the market with sentiment still down.
CAPESIZE
A less dramatic drop in Capesize rates this week, with the BCI losing 8% and the four time charter average dropping 11% to finish the week at US$ 28,542/day. Despite falling congestion in China, weather problems in Australia have kept delays there high and around 85 Capes are reported to be anchored outside the main Australian ports with wait times of well over a month ahead of them. Weak demand on the Atlantic penalised that market, although conditions were better in the Pacific. By week end, it appeared conditions had stabilized, with the BCI losing just 4 points on Friday, and rising marginally by one point on Monday. Short period business was also concluded at rates above the spot market, with a 178,000 tonner reportedly taken ex yard in April for four to six months trading at US$ 37,000 per day.
Source: BRS Dry Bulk
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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- White Energy Company Limited
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- The University of Queensland
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
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