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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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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
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