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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, 17 June 12
S7 & S8 ROUTES ARE LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The BDI gained some increase after continues fall for several weeks.
The BDI increased by 47 points (up by 5.36 pct) closing at 92 ...
Saturday, 16 June 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA COAL CONTRACT SWAPS ARE UNDER PRESSURE
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries seems to be under pressure this week.&nbs ...
Friday, 15 June 12
CAPESIZE - THE LEVELS THAT DID FIX ARE DOWN W-O-W LEVELS - FEARNLEYS
Handy
Another slow-moving market with rates hovering at same level as last week. US Gulf positions fixed USD 25,000 for trips to Cont/Passero and S ...
Thursday, 14 June 12
SMALLER DRY BULK CARRIERS LIKELY TO FACE MORE CHALLENGES; DEMOLITION ACTIVITY SET FOR RECORD YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest update on the dry bulk markets, BIMCO said that China is partly “failing to deliver” on raw material imports that can affe ...
Wednesday, 13 June 12
LOW COAL PRICES COULD CHANGE SUPPLY SIDE DYNAMICS - FITCH RATINGS
Fitch Ratings believes that the weakness seen in thermal coal prices in recent months should reverse once demand from major importers recovers, alth ...
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- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Australian Coal Association
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
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