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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, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
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- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
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