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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, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
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- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
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