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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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Monday, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...
Sunday, 15 January 12
THE FREIGHT MARKET CONTINUED TO BLEED - VISTAAR
COALspot.com - "The markets continued to bleed with BDI touching almost 1000 points , almost reaching the collapse of 2008 levels," said C ...
Saturday, 14 January 12
GOLDEN MINES TO SUPPLY 4 MIO TONS - INSIDER STORIES
Insider Stories reported that, Coal miner under Sinarmas Group PT Golden Energy Mines Tbk (GEMS), a subsidiary of PT Dian Swastatika Sentosa Tbk (DS ...
Friday, 13 January 12
DIFFICULT START OF 2012 FOR DRY BULK MARKET SEEN HARD TO CHANGE IN THE COURSE OF THE YEAR, UNLESS DEMOLITION PICKS UP
The dry bulk market has been on a freefall this week after a rocky start to the new year. Yesterday, the BDI (Baltic Dry Index) the industry's benc ...
Thursday, 12 January 12
DRY BULK MARKET CRASHING AT START OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept being on freefall mode yesterday, with the industry's benchmark, the BDI (Baltic Dry Index) losing a massive 5.17% on ...
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- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Planning Commission, India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
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