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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, 21 March 14
MERCURIA ANNOUNCES ACQUISITION OF J.P. MORGAN PHYSICAL COMMODITIES BUSINESS
COALspot.com: Mercuria Energy Group announced that it has reached a definitive agreement with J.P. Morgan Chase & Co. to acquire its physica ...
Thursday, 20 March 14
CAPESIZE: WEST AUSTRALIA TO CHINA RATES HAVE CLIMBED BACK TOWARD USD 11 PMT - FEARNRESEARCH
Handy
From a slight improvement in the Atlantic to a more mixed picture this mid week. North Atlantic rounds showing softening signs whereas S ...
Wednesday, 19 March 14
INSTEAD OF DECIDING WHETHER THE GLASS IS HALF FULL OR HALF EMPTY, I AM CURRENTLY GLAD THERE IS WATER IN THE GLASS - EVA TZIMA
By Eva Tzima
Research Analyst
Intermodal Research & Valuations
Right when you think that you have all your facts straight, right wh ...
Wednesday, 19 March 14
EUROCOKE SUMMIT 2014
Press Release: ThyssenKrupp, Steel Institute VDEh, SSI and more headline Smithers Apex’s Eurocoke Summit
The leading coke, coal and s ...
Wednesday, 19 March 14
DRY BULK MARKET REBOUND LEADS TO MORE NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The steady rise of the dry bulk market, as evidenced by the return, yesterday, of the Baltic Dry Index above the 1,500-point mark (1,518), is fu ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
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