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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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Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
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- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
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