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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, 14 March 14
US, THE WORLD'S SECOND LARGEST COAL PRODUCER MINED 75.3 MMST OF COAL IN FEBRUARY; DOWN 10.88% M-M
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.7 million short tons (mmst) of coal ...
Thursday, 13 March 14
HANDY: THE FAR EAST MARKET IS IN AN UPWARD TREND - FEARNRESEARCH
Handy
Atlantic is a bit under pressure for spot tonnage, but the underlying sentiment is positive for the short medium future. 2-3 legs are do ...
Thursday, 13 March 14
MARKET INSIGHT - CHRISTOPHER T. WHITTY
By Christopher T. Whitty
Marketing Manager
Cotzias Intermodal Shipping Inc.
During the last year we have noticed that a fair number of ...
Wednesday, 12 March 14
ADARO ENERGY IMPROVES EFFICIENCY AND GENERATED STRONG EBITDA IN 2013
COALspot.com: PT Adaro Energy Tbk, Indonesia's single largest coal miner posted revenue of US$ 3.28 billion and cost of revenue of US$ 2.54 ...
Wednesday, 12 March 14
DGOMC OF INDONESIA REVISED DOWN THE BENCHMARK PRICES FOR COAL BY 4.26% IN MARCH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down the government's declared coal bench mark price ...
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- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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