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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, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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Showing 4796 to 4800 news of total 6871 |
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- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
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- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
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- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- White Energy Company Limited
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
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- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
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