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Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
 Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the latter’s surge in mid March. Rates may be held up by the continued congestion in Australia. While BHP Billiton Mitsubishi announced this week the re-opening of a berth at its cyclone-damaged Hay Point coal terminal, it will be three to six weeks before full operations return and there are still more than 90 Panamaxes tied up in Australian ports. In the iron ore market, China announced an increase in monthly imports of 59m tons, up from 49m in February. With the price of ore still climbing, the momentum in the contract talks continues to work in the miners’ favour.
Macquarie Bank reported BHP had clinched a 100% increase in prices, settling at US$120.08 per tonne for Pilbara fines for the MarchJune period, and US$135 per ton for lump. Rio Tinto, formerly a defender of the yearly contract structure, also confirmed it was negotiating quarterly contracts.
Supra/Handy
The BSI rose 55 points to finish at 2,490 points last week, while the 6TC gained about US$600 to finish at US$ 26,040/day. The market was active in the Atlantic, and tonnage was particularly scarce in the Continent with scrap and fertilizer cargoes coming out regularly. The trend was less prominent in the Med/Black Sea although vessels willing to go east via Suez still obtained healthy rates out of the Black Sea (close to mid US$40,000s for a Supra). Grain and sugar is still pushing hard in ECSA. The market was short of Supramax vessels for prompt dates and a trip to the Continent was worth close to US$30,000 while trip out was fixed around US$35,000 per day for delivery WAF region. We also saw some activity with coal/Petcoke stems ex USG/NCSA.
In the Far East, Indian ore to China softened, but rates remained at levels in the low US$30,000s. On the smaller sizes, the Baltic Handysize index went up by 6 points to finish at 1355 points with the time charter routes gaining US$104 to reach US$19,733 daily. The Atlantic is much firmer than the Pacific and the TARV is worth US$22,000/day today, whereas the Pacific round voyage is worth US$17,000 daily. On the period front, we saw interest in both middle period (2/3 years) and short period. Recently built Tess 52 were getting fixed for 3/5 months trading delivery Far East at US$24,000 daily with worldwide redelivery.
Panamax
The Panamax market continued to strengthen on the week in both basins. A little bit more coal activity was evident in the Baltic, along with a steady flow of South American grain which pushed rates up further, and the transatlantic round voyage rate nudged up around US$2,000 on the week to reach close to US$33,000 towards the end part of the week. With still heavy congestion in East Australia, the Pacific recorded the largest gains with Pacific round voyages gaining near on US$3,000 on the week to reach US$31,500 by Friday. In the period market, a 3 year deal was concluded by a grain house for June worldwide delivery on a standard BPI type at US$20,000, while short period in the east hovered around the very high US$20,000s/US$30,000. Overall the BPI witnessed a gain of 244 points and the average of the four time charters rose US$1,963 on the week.
Capesize
More weakness in Cape markets this week with the BCI losing 13% to slip below 3,000 points. The four time charter average closed the week at US$25,115, the lowest level since last September and lower than both the Panamax and Supramax charter averages. TubaraoQingdao saw the biggest declines, although the West Australia-China trade held up rather better. While China’s ore imports remain strong, reaching 59m tons in March, congestion in the country’s ports has fallen significantly. The BCI fell 43 points on Monday.
Source: BRS Dry Bulk
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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
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