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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, 21 May 13
NEWCASTLE PORT COAL SHIPMENTS SEEN FALLING WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,205,024 tons of thermal and coking coal for week ended 0700 hours 20 May 2013, Newcast ...
Sunday, 19 May 13
COAL PRICES ARE SLUMPING DUE TO WEAK DEMAND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.03 percent and API 8 CFR South China Coal shipment g ...
Sunday, 19 May 13
FREIGHT RATES TO REMAIN UNSTABLE AND VOLATILE - CAPT. REDDY
COALspot.com – The freight remained weak this week with all the segments down.
The BDI, the Baltic Dry Index is a number issued daily by th ...
Friday, 17 May 13
US COAL PRODUCTION CLIMBED 3.35 PER CENT WEEK ON WEEK
COALspot.com - U.S. produced totaled approximately 18.50 million short tons (mmst) in a week (For the week ended May 11, 2013), EIA said in its late ...
Thursday, 16 May 13
PANAMAX: THE FORWARD CURVE IS FALLING GRADUALLY - FEARNRESEARCH
Handy
The Atlantic market remained quiet. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The Pacific market remained uncertain as ...
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- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Economic Council, Georgia
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
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