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Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
 According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time charter average briefly went over the magic US$ 50,000/day mark, and market optimism was carried along by high prices in the FFA market plus strong trading on the Atlantic/Far East coal route. As South Africa entered a second week of strikes, the iron ore market was particularly badly hit with both Kumba (Anglo-American) and Xstrata declaring force majeure.
Suppliers have been able to cover demand with existing stocks but say the impact will be much more severe if the strike continues into a third week. In the steel markets, industry leaders warned prices would have to rise in reaction to the new quarterly ore price agreements, and steel could face new competition from aluminium and plastics. It comes at a time of recovering demand in many western markets. This week Germany reported a more than doubling in steel output to 3.88m tonnes for April compared to the same month last year.
Supramax/Handy
Despite holidays in various parts of the world, sentiment remained firm. Indian demand for Indonesian and Australian coal is still firm, as is nickel ore bound for China. This pushed rates to the high US$ 20,000s for Pacific employment and encouraged owners to ask in excess of US$ 30,000 for short period. That being said, ships open in India are now facing a shortage of ore due to the monsoon and have little alternative but to ballast across to south America where demand on the back of grain and sugar export is still strong. The north Atlantic saw high levels with Supramax asking in the mid US$ 40000s for trip from USG to Continent/ Med and mid US$ 50,000s for trip to the Far East. Handies are still in demand, particularly from the Continent with lots of grain, fertilizers and scrap stems.
Panamax
Overall, the Panamax market was stable in the Pacific and firm in the Atlantic. The TA round voyage closed the week at around US$ 39,000/day, up week-on-week from around US$ 35,000/day thanks to good coal activity out of the USG and grain out of ECSA. On the other side of the ocean the Indian market was quieter this week: WCI-China market is now paying low-mid US$ 30,000s and with the monsoon coming, the market should ease, freeing up some ballasters for the ECSA market. The market for this trade was paying over US$ 35,000 per day for trip to PG/Japan range via ECSA. The period market was active and takers were paying around US$ 32,000/day delivery north China for short period, and US$ 40,000 per day for delivery Atlantic redelivery worldwide.
Capesize
A strong week for the big ships, with the four time charter average breaching US$ 50,000 on Thursday, levels not seen since December 2009. Overall the BCI was up 10% and the 4TC 14%. Gains were partly spurred on by the FFA market, where an estimated 21,000-plus cleared trades were concluded, of which more than 40% were in the Cape market. Trading was heaviest for 2Q and 3Q, helping to push up rates in the physical market, although there was less optimism for later in the year. Rates eased on Friday and Monday although tonnage is still tight in the Atlantic and there is more activity expected from the mining companies this week. Four to six month fixtures were being signed in the low $ 40,000s.
Source: BRS Dry Bulk
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Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
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Showing 5411 to 5415 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- White Energy Company Limited
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
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