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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 however, so a big slide was not expected in the short term. In the coal market, South Africa’s Richards Bay terminal confirmed a sharp rise in Asian exports, which rose to 42% of total shipments in the first quarter of this year, up from 25% a year earlier – due mainly to Chinese and Indian demand. In Europe, Thyssenkrupp became the first European buyer to confirm it had agreed an iron ore price on a quarterly basis. In line with the Japanese contracts, it also reported a 100% price increase, back-dated to April 1. Meanwhile China confirmed steelmaker Pangang Group would be combined with Angang Steel and Benxi Iron and Steel. The merger will create the country’s largest steel group.
Supra/Handy
The Handy/Supramax markets stayed firm and stable in the Atlantic throughout the week, while in the Pacific basin the market was also healthy but with less activity and a softening tendency. Supramaxes from West Africa were fetching close to US$ 30,000 per day for trips via ECSA to Continent and closer to low US$ 40,000s for trips out to the East. The USG and ECUS also remained very firm with trips USG to the Med paying in the high US$ 40,000s, and above US$50,000 for trips out. Scrap cargoes from the Continent to the Med are paying Supramax units in the low US$ 30,000s TC equivalent.
The transatlantic round on Supramax was negociated in the low US$ 30,000s level towards the end of the week. Looking at the Pacific market now, India softened during the week with WC stems to China paying in the very low US$ 30,000s TC equivalent on large units and about the same levels from EC India. Supras for Richards Bay rounds back to India were paying in the mid/high US$ 20,000s and it is becoming difficult to persuade owners to finish trips in WC India with Monsoon kicking in.
Nopac and Aussie rounds saw larger units fixed in the low-mid US$ 20,000s, while Indonesia/India and Indo/China rounds were fixed closer to mid US$ 20,000s level depending on delivery point. There were few short period candidates in the Far East but large Supras are seeing close to mid US$ 20,000s levels.
Panamax
A continued slump in the market saw rates slip further on the week. The BPI fell 7% to finish the week at 3,757 points, while the four time charter average closed at US$ 30,239. The Atlantic lacked any fresh enquiry and although there was a clear-out of early tonnage, rates remain under pressure for now, although charterers with stems ex north Continent found tonnage a lot more positional. In the Pacific, the South American grain market continued to serve tonnage out east but again here rates had slipped to around US$ 28,000. The Australia and north Pacific round voyages too came off with less fresh enquiry and deals were being fixed at close to the US$ 30,000 mark. The longer term period market saw a 12 month deal concluded with delivery in the east for prompt dates at a steady US$ 28,000 level.
Capesize
An 8% leap in the four time charter average this week, with rates finishing the week at US$ 28,441. The rise was mainly achieved on the back of strong Atlantic rates where activity picked up noticeably. There was again little period business although a 177,000 dwt vessel ex yard in May was reported fixed at 2 years for US$ 31,500. The market will continue to watch what impact the new, higher commodity prices will have on demand. The BCI inched up 39 points on Monday, with some expectations of a further increase this week.
Source: BRS Dry Bulk
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Wednesday, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has remained to healthy levels after last month’s rally, but with China going on holiday this week, things are looking sta ...
Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- PTC India Limited - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- The University of Queensland
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
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