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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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Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
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Showing 5851 to 5855 news of total 6871 |
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- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
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