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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, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- PTC India Limited - India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
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