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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, 03 December 14
PROGRESSING SMELTER PROJECTS IN INDONESIA
Press Release: Indonesia’s ban on ‘raw mineral export’ that was designed to encouraging downstream investment in mineral processi ...
Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
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- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
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