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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, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
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- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Posco Energy - South Korea
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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