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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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Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
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- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
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