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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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Friday, 23 May 14
U.S. WEEKLY COAL PRODUCTION SLIPS 1.8% WEEK ENDED MAY 17, 2014
COALspot.com – United States the world's second largest coal producer, produced approximately 18.6 million short tons (mmst) of coal in a ...
Friday, 23 May 14
DRY BULK NEWBUILDING CANCELLATIONS COULD HELP SUPPORT MARKET IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's demise over the past few months maybe has come as a surprise to many, but analysts and shipbrokers are looking forward to ...
Thursday, 22 May 14
HEAR SUCCESSFUL CASE STUDIES FROM 10 INDEPENDENT UNCONVENTIONAL GAS OPERATORS
Unconventional Gas Asia 2014 will provide a unique opportunity for Asia’s unconventional gas leaders to share their experience and expertise ...
Thursday, 22 May 14
CNPC-GAZPROM DEAL A MEDIUM - TERM POSITIVE FOR CHINA'S GAS SECTOR
Fitch Ratings says a 30-year deal in which Russia's OAO Gazprom (BBB/Negative) will supply gas to China National Petroleum Corporation (CNPC; A ...
Thursday, 22 May 14
CAPESIZE : RATES ARE STILL UNDER PRESSURE
Handy
A quiet start into the week in Far East, some fresh Indonesian coal order in the market. For trips within S.E. Asia, Supras are trading aro ...
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- Romanian Commodities Exchange
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Indian Oil Corporation Limited
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