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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, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- McConnell Dowell - Australia
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Posco Energy - South Korea
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
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