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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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Monday, 28 January 13
BAYAN RESOURCES TO SELL 18 MILLION TONS OF COAL TO GNPOWER MARIVELES COAL PLANT
Publicly-listed PT Bayan Resources announced on Friday that it had signed an agreement on coal sales with Philippine-based GNPower Mariveles Coal Pl ...
Sunday, 27 January 13
CFR SOUTH CHINA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.31 percent and CFR South China coal shipment&nbs ...
Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR
COALspot.com - The freight market was soft and all the indices were down except for handy size.
The BDI was down 4.66 pct closing at 798 points.. ...
Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED
A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Proj ...
Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slow ...
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- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
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