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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, 12 February 15
DRY BULK OWNERS SCRAP MORE VESSELS, AS MARKET REACHES HISTORICAL LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has reached historical lows this week, with the Baltic Dry Index (BDI) now trading at levels below operating expense levels for ...
Thursday, 12 February 15
INDONESIAN COAL PRICE REFERENCE INCHED DOWN 1.44% IN FEBRUARY
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down Indonesian coal bench mark price this month to US$ 62.92 pe ...
Thursday, 12 February 15
NEWBUILDING ORDERING ACTIVITY DRAGS ON, AS OWNERS ARE LOOKING FOR LOWER PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners appear to be waiting for lower prices in their dealings with Asian shipyards, as the dry bulk market is at historical lows. According t ...
Wednesday, 11 February 15
DRY BULK MARKET REMAINED UNDER PRESSURE : STABILIZING CAPE MARKET HARDLY HELPED SENTIMENT
COALspot.com: The Dry Bulk market remained under pressure last week, while the stabilizing Cape market hardly helped sentiment.
Greece based s ...
Wednesday, 11 February 15
BDI HITTING THE ALL-TIME LOW; FFA MARKETS NOT SHOWING ANY POSITIVE SIGNS
With the BDI hitting the all-time low and with FFA markets not showing any positive signs for a possible recovery in the near future, pessimism is ...
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- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
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