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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, 02 May 14
US WEEKLY COAL PRODUCTION RELATIVELY FLAT AT -0.1%, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a s ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
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Showing 3726 to 3730 news of total 6871 |
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- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- White Energy Company Limited
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
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