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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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Tuesday, 10 February 15
IRON ORE MARKET TO REMAIN OVERSUPPLIED IN 2015: PRICE FORECAST $70/T - WOOD MACKENZIE
COALspot.com: With January witnessing the price of iron ore falling to its lowest levels since May 2009, Roger Emslie, Principal Metals & ...
Tuesday, 10 February 15
SUB-BIT FOB INDONESIA COAL SWAP ADVANCES 3.79% WEEK ON WEEK
COALspot.com: Indonesian coal swaps for delivery Q2' 2015 rose week over week and month on month.
The Q2 swap up US$ 0.85 (+1.81%) month o ...
Tuesday, 10 February 15
FOB NEWCASTLE COAL SWAPS SURGE WEEK OVER WEEK, RAISING HOPES?
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 0.95 per MT (+1.91%) week over week and declined US$ 0.06 (-0.12%) ...
Monday, 09 February 15
AUSTRALIAN COAL PRODUCERS BEST POSITIONED IN OVERSUPPLIED MARKET; US MINES MOST AT RISK - WOOD MACKENZIE
In a 2015 global coal outlook report, Wood Mackenzie says that Australia and Indonesian coal suppliers will see some upside in the difficult months ...
Monday, 09 February 15
FOB RICHARDS BAY COAL SWAP GAINS 3.65% TO ONE-MONTH HIGH
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 surge month over month and day on day.
The Q2 swap has soared US$ 2.1 ...
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- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Australian Coal Association
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
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