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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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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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Showing 5786 to 5790 news of total 6871 |
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- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
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