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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, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the singl ...
Friday, 18 October 13
DRY BULK MARKET ON "PAUSE" MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on "pause" mode over the past week, after China's return from the week long holidays. The industry's benchm ...
Friday, 18 October 13
US PRODUCED 6.7% MORE COAL W-W
COALspot.com – United States the world’s second largest coal producer produced approximately 18.9 million short tons (mmst) of coal in a ...
Thursday, 17 October 13
CAPESIZE: RATES ARE AGAIN MOVING UPWARDS - FEARNRESEARCH
Handy
Activities were obviously slowed down in the Pacific basin. There were only few coal movements which fixed around USD 15-16k for ships in Sin ...
Thursday, 17 October 13
SGX TO LAUNCH "SGX THERMAL COAL FUTURES" NEXT MONDAY
COALspot.com: SGX is to launch two thermal coal futures contracts, SGX API 8 CFR China Coal Index Futures and SGX IHS McCloskey Indonesian Sub-bit F ...
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Showing 4056 to 4060 news of total 6871 |
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- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- The University of Queensland
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- PTC India Limited - India
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