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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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Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
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- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Parliament of New Zealand
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
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