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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, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
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- Jorong Barutama Greston.PT - Indonesia
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- Tata Chemicals Ltd - India
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- Kideco Jaya Agung - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- SMC Global Power, Philippines
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- San Jose City I Power Corp, Philippines
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- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
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- ASAPP Information Group - India
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- Ministry of Finance - Indonesia
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- Interocean Group of Companies - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- The University of Queensland
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- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
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- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
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- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
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- Bhatia International Limited - India
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- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
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- Indian Oil Corporation Limited
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- GMR Energy Limited - India
- Coal and Oil Company - UAE
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- The Treasury - Australian Government
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
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- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Mercator Lines Limited - India
- CNBM International Corporation - China
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- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
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- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
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- White Energy Company Limited
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- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
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