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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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Sunday, 08 September 13
BALTIC INDEX UP ON HIGHER CAPESIZE, PANAMAX RATES
COALspot.com : The freight market continued saw one of the biggest rally last week with Cape Size taking the lead followed by Panamax.
The BDI wa ...
Friday, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...
Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...
Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com: Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...
Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy
Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...
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Showing 4136 to 4140 news of total 6871 |
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- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
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