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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, 15 May 12
POTENTIAL BOOM OF CHINAS COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...
Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points.
The cape index was up by 2.41 pct closing at 1,61 ...
Friday, 11 May 12
POLITICAL CHANGES COULD LEAD TO TEMPORARY HALT IN SHIPPING INVESTMENTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The potential of changes of political leadership in many of the world’s leading economies could very well lead to significant shifts in the di ...
Thursday, 10 May 12
DRY BULK ERRATIC ON LACK OF DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept up its erratic behavior as it went down again during yesterday’s session, on a lack of direct guidance in terms o ...
Wednesday, 09 May 12
COAL INDIA SIGNS FSAS WITH 13 POWER UNITS SO FAR - PTI
Press Trust of India has reported that, coal India has so far entered into fuel supply pacts with 13 power units, including Reliance Power's Rosa P ...
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- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
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