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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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Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
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- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
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