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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, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- The University of Queensland
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Planning Commission, India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
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