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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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Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...
Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific v ...
Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world.
Press Release - Total Sinergy ...
Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...
Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27, ...
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- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Eastern Energy - Thailand
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
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