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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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Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
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- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- The University of Queensland
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
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