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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, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
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Showing 5856 to 5860 news of total 6871 |
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- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
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