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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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Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
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Showing 5881 to 5885 news of total 6871 |
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- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
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