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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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Monday, 13 January 14
INDONESIAN ORE BAN TO HAVE LIMITED IMPACT ON CHINESE ALUMINIUM PRODUCERS, FITCH RATINGS SAYS
COALspot.com: Fitch Ratings says today that Indonesia's ban on exports of unprocessed mineral ore will have limited impact on Chinese aluminium pro ...
Sunday, 12 January 14
THE FREIGHT MARKET CONTINUE TO REMAIN WEAK NEXT WEEK - SOLYM CARRIERS
Wish You A very Happy New Year
COALspot.com: The market has dropped quite a lot as expected due to holidays and probably also the effect of ban o ...
Friday, 10 January 14
DECISION ON ORE EXPORT BAN WILL BE MADE TOMORROW: INDUSTRY MINISTER, JG SAYS
Industry Minister M.S. Hidayat dismissed reports on Thursday that the government had made a decision on the matter. “We will only make a decis ...
Friday, 10 January 14
US COAL PRODUCTION UP 5.8% ON WEEK IN WEEK ENDED SATURDAY 4 JANUARY
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Thursday, 09 January 14
THE INDONESIAN GOVERNMENT EASES ORE EXPORT BAN
COALspot.com: The Indonesian government has finally agreed to ease the ore-export ban just a few days before the Sunday deadline amid protests from ...
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- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- London Commodity Brokers - England
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
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