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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, 11 March 15
RICHARDS BAY COAL SWAPS DROP $ 3.65 - 4.0/T W-O-W
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and week on week.
The Q2 swap has fell US$ ...
Wednesday, 11 March 15
DRY BULK MARKET CLOSED OFF ON THE GREEN FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The Dry Bulk market closed off on the green for a second week in a row, while the performance of Capesizes hindered a more substantia ...
Wednesday, 11 March 15
MARKET INSIGHT : NEWBUILDINGS - PANOS TSILINGIRIS
From a cost-based, buy-low perspective, there is currently a buying opportunity in the second-hand dry bulk market. I am an anti-cyclical (buy-low) ...
Wednesday, 11 March 15
DRY BULK MARKET: ALL IS NOT LOST FOR A RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The low cost of commodities across the board could trigger an increase of trade among many countries, which in turn could lead to a recovery of the ...
Wednesday, 11 March 15
U.S. ELECTRIC GENERATING COMPANIES TO ADD MORE THAN 20 GW OF GENERATING CAPACITY IN 2015; 16 GW OF GENERATING CAPACITY IS EXPECTED TO RETIRE IN 2015
COALspot.com: In 2015, electric generating companies in U.S. expect to add more than 20 gigawatts (GW) of utility-scale generating capacity to the ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
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