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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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Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
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- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
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- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
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- Essar Steel Hazira Ltd - India
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- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
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- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
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- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
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- SMG Consultants - Indonesia
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- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
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- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
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- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
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- India Bulls Power Limited - India
- Parliament of New Zealand
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- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Thai Mozambique Logistica
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- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
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- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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