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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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Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
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- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
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