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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, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
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- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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