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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, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
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Showing 4831 to 4835 news of total 6871 |
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- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- The University of Queensland
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
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