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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, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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Showing 5896 to 5900 news of total 6871 |
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- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- The University of Queensland
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- The Treasury - Australian Government
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
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