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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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Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
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- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Australian Coal Association
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
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