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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, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- The University of Queensland
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
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