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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, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
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Showing 5706 to 5710 news of total 6871 |
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- Edison Trading Spa - Italy
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
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