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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, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
Thursday, 05 April 12
COAL EXPORT TAX: MATTER OF CONCERN FOR INDIA - SUNIL K KUMBHAT
COALspot.com - Since the issuance of Indonesian Mining law in 2009, miners have increased their activities in exploring , ex ...
Thursday, 05 April 12
AKR COAL FIRST EXPORT SHIPMENT OF COAL SEABORNE
PT Anugrah Karya Raya (AKR Coal) subsidiary of PT AKR Corporindo Tbk., Indonesia’s leading integrated supply chain solutions provider and larg ...
Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry ...
Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expe ...
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Showing 4776 to 4780 news of total 6871 |
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- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
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