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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, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012
- Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...
Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
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Showing 4711 to 4715 news of total 6871 |
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- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- PTC India Limited - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
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