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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 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...
Friday, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000 Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...
Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy
The market remained variable.
Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...
Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...
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Showing 4726 to 4730 news of total 6871 |
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- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
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