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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, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
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Showing 5856 to 5860 news of total 6871 |
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- Romanian Commodities Exchange
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- Parliament of New Zealand
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- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
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- Meenaskhi Energy Private Limited - India
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- Sojitz Corporation - Japan
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- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- VISA Power Limited - India
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- Economic Council, Georgia
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- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
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- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
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- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
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- Eastern Energy - Thailand
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- The University of Queensland
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- Metalloyd Limited - United Kingdom
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- Electricity Authority, New Zealand
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- Billiton Holdings Pty Ltd - Australia
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- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
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- Global Green Power PLC Corporation, Philippines
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- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
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- Electricity Generating Authority of Thailand
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- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
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- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- PTC India Limited - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Wilmar Investment Holdings
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- SN Aboitiz Power Inc, Philippines
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- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
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