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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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Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
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- Independent Power Producers Association of India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Planning Commission, India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
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