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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, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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Showing 5021 to 5025 news of total 6871 |
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- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
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