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Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
 A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there was continued optimism in the coal markets with China expected to be a net importer again in 2010.
Rising ore prices continue to put pressure on buyers to find new suppliers and China’s largest metals trader Minmetals Corporation confirmed it had started due diligence on several iron ore projects in Mauritania. Senegal also reported it will offer China 3.5bn tons of iron ore reserves with iron content of 63%. On the supply side, vessel deliveries continue to climb, with approximately 80 Capes, 25 Panamaxes, 75 Supramaxes and 60 Handysizes delivered so far this year. Interestingly the pace of delivery has accelerated significantly for the Capes and Handysizes, but remains modest for the Panamaxes where deliveries this year are just 15% higher than the last six weeks of 2009, helping keep Panamax rates firm.
Supra/Handy
The Supramax Atlantic market has been relatively busy throughout the week. The USG basin firmed up with some fresh requirement and only a few ships available, pushing the USG/Cont route over US$ 43,000 per day (more than a US$ 3,000 w-o-w increase). Scrap stems keep the Cont busy. ECSA market was steady as well and grain traders had to pay a good premium for April loaders. However with fewer iron ore exports out of WC India, ships are now ballasting toward ECSA. The Handy Atlantic market also rose, especially the ECSA/Cont route which gained more than US$ 1,500/day to finish the week just below US$ 31,000/day. In the Pacific, the Supra market was still softening. The ECI/China route lost almost US$ 3,000 per day and closed Friday at about US$ 28,500.
The Indo/China and Nopac routes improved in the middle of the week but lost all gains Thursday and Friday to close the week at very close to US$ 23,000. Short period market is now worth around US$ 25,000/day for TESS 52 delivery N China.
The Handyside market was firm and gained US$ 500 per day thanks to a good coal activity out of Indonesia.
Panamax
The Panamax market witnessed a small increase on the week, with the BPI rising 82 points and the average of the 4 timecharter routes gaining US$ 673 overall. However, rates in the Atlantic appeared a little ‘toppy’ towards the end part of the week with little fresh enquiry to report and limited activity in general, while the Pacific was still being largely held up and supported by the continued east coast south American grain exports.
This saw levels holding steady in the low-mid US$ 30,000s region for vessels delivering in the Far East. Short period rates in the east remained steady at around the US$ 32,000 level despite a lack of activity on the period front.
Capesize
A flat week for the Capes with only the Brazil/China run showing any real improvement. Freight rates on this route were up to around US$ 24.50 by the end of the week, but Australia-China showed no perceptible change. Overall the BCI recorded a slight gain of 3% to reach 3,071 points, while the four time charter average finished at US$ 26,250. FFA rates meanwhile dipped slightly for 2010 trading, although there was a small improvement in 2011 prices, and the physical market also saw the return of some period business, and a 171,800 deadweight vessel was reported booked at US$ 32,000 for one year. There was little clear direction in the market however, and rates came off again slightly on Monday.
Source: BRS Dry Bulk
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Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
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- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
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