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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, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
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- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
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- Eastern Energy - Thailand
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- South Luzon Thermal Energy Corporation
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- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
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- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- MS Steel International - UAE
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- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
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