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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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Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
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- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Planning Commission, India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- The University of Queensland
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
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