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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
 A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It was an unremarkable week for the Capes and although period rates remain strong, there remains some concern for the fourth quarter. China’s decision to close steel production capacity in order to meet energy-saving targets has created uncertainty, with one local analyst estimating it would cut the country’s total steel output for the year by 8%. So far, Shandong, Jiangsu, Zhejiang, Guangxi, Hebei, Shanxi, Gansu and the inner Mongolia provinces have all been affected. China’s iron ore imports already fell 13% in August, the largest drop in seven months, as steel production slowed and India reduced its exports.
Capesize
A small increase in the BCI this week, with the four time charter average rising to US$41,000 by week-end. Rates improved most in the Atlantic where tonnage availability was fairly tight compared to demand. In the FFA market, rates were little changed for 2011 but took a lurch downwards for the remainder of this year. Q4 finished the week at US$34,100 compared to US$35,100 the previous Friday. Period rates remained stable however, and a 180,000 tonner delivery ex yard in November was reportedly fixed for 11-13 months at US$32,750. The BCI came off slightly on Monday, but only by 28 points.
Panamax
This week the Panamax market took advantage of bullish sentiment thanks to a still active USG and NOPAC area with grains and a relatively busy coal market out of Indo/ Aussie. The big players were, therefore, not hesitating in taking in more ships for period paying up to US$28,500/day for tes 74 dely Nchina redel WW. The Nopac round was paying US$29,000/day, up from US$26,500/ day last week. In the Atlantic the market was less active, but still, the TA round improved by more than US$1,000/day ending the week at over US$28,000/day. Thursday and Friday, the activity failed off and some uncertainty on the amount of steel that will be produced in China in Q4 and the amount of Indian’s iron ore available for exportation turned the market in the southward direction.
Supramax/Handy
The Baltic Supramax Index was quite steady with a very slight upward trend as it increased by 47 points to finish at 2,046 points last week, while the average of the time charter routes gained about US$ 497 to finish close to US$ 21,395. Activity picked up in the Atlantic with a considerable amount of new grain orders originating from the USG mainly to the Med and Continent. Modern Supramaxes were paid in the low/mid US$ 30,000s per day for delivery USG to Med/Cont. For the smaller sizes, the Handysizes were pretty much in line with the Supramaxes, with a slight increase of 12 points to finish the week at 1078, while the time charter average went up by US$ 168 to finish the week at US$ 15,876 per day. ECSA or USG to Skaw/Passero are also at similar levels in the very low US$ 20,000s and very high US$ 19,000s respectively. On the period front, which has also been quite active, it is worth noticing a modern (expected delivery December 2010) 57,000 DWT was fixed for a 5 year period at around US$16,000. Supramax vessels are getting fixed ex Far East for a 12 month period at around US$ 21,500. For shorter period, similar size vessels are being fixed at around US$ 23,000/24,000 while the Handies are being fixed at the US$ 17,000s level.
In the Pacific, the week started out strong, with the view that a lot of the fixing would be done on the Pacific rounds before the start of the Aid Al Fitr / Idul Fitri / Puasa holidays at the end of the week. Index type Supramaxes in North Asia were fixing in the mid-high teens and high teens to low US$20,000s with South China delivery for Pacific rounds. This remained steady through the week. The same could be said for vessels in India, where quite a bit of tonnage was cleared out for Richards Bay rounds back into India (high teens off both coasts), and trips to China (midhigh teens from WCI, and high teens from ECI).
Source: BRS
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Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
...
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- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
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