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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, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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Showing 5926 to 5930 news of total 6871 |
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- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- The University of Queensland
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Planning Commission, India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Energy Development Corp, Philippines
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