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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, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
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- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- PTC India Limited - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
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