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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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Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
Tuesday, 27 July 10
DRY BULK SPOT CARGO DEMAND SHARPLY UP, TRIGGERING RISE IN RATES
Hot on the heels of the dry bulk market’s first weekly gain in almost two months, Monday began on a similar note, with the Baltic Dry Index (B ...
Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kal ...
Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from ...
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- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Australian Coal Association
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
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