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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, 18 December 13
DEMOLITION ACTIVITY SCALED BACK AS FREIGHT RATES RISE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's always been the case that each time we witness a spike in freight rates, demolition activity is decreasing, as owners are looking for more car ...
Tuesday, 17 December 13
NEWCASTLE COAL EXPORTS UP 37.83% WEEK ON WEEK
COALspot.com: In the week ended December 16, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.45 ...
Monday, 16 December 13
SUB-BIT FOB INDONESIA COAL SWAP LOST $ 0.53 IN A WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery gained $ 0.91 pmt month on month on Friday 13 December 2013 ...
Monday, 16 December 13
API 8 CFR SOUTH CHINA COAL Q3' 14 DELIVERY PRICE CLOSED $1.63 LESSER THAN Q1' 14 PRICE
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 5.34 percept month on month as on Friday 13 December 2013. ...
Sunday, 15 December 13
SUPRAMAX'S FREIGHT RALLY COMES TO AN END THIS WEEK
COALspot.com: The BDI was up by 7 pct closing at 2,330 points week on week and the cape index was also up by 10.51 points and closed at 4,246 points ...
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- Eastern Energy - Thailand
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- White Energy Company Limited
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Singapore Mercantile Exchange
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