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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, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
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- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Planning Commission, India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
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