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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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Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...
Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...
Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing a 1.5 folds increase in revenue this year from Rp4. ...
Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...
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Showing 4941 to 4945 news of total 6871 |
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- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- VISA Power Limited - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
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