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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, 04 May 12
DEMOLITION KEY FOR DRY BULK MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The overflow of newbuilding vessels which “spilled over” into 2012 from 2011 brought the dry bulk market to a near collapse level at the ...
Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...
Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impo ...
Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage.
USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...
Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that, the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...
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Showing 4741 to 4745 news of total 6871 |
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- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- The University of Queensland
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
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