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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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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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Showing 5261 to 5265 news of total 6871 |
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- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- White Energy Company Limited
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
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