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Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
 Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The improvement was mainly due to a surge in demand from the big miners in the Pacific in the later part of the week. However the Capesize 4TC is now hovering around US$25,000 per day, the lowest point since the summer and well down on the average for the year.
In India, Karnataka ore sellers will have to wait until mid January to hear a decision on their bid to overturn the state’s export ban. This week India’s top court gave the state additional time to respond to the miners’ legal petition. The Federation of Indian Mineral Industries has already estimated the ban will reduce India’s ore exports by 38% to 66m tons in 2010. The Karnataka High Court earlier upheld the provincial government’s decision to halt shipments overseas.
Supramax/Handy
The Baltic Supramax Index went down by 57 points to finish at 1,613 points last week, while the average of the time charter routes lost about US$ 600 daily to finish at US$ 16,800 per day. The market was active in the Atlantic but many vessels were turning spot towards the week creating some downward pressure in all basins, mainly in the Black Sea and ECSA. Some support was maintained though as activity continued on sugar and grain due to requirements out of ECSA. Activity remained pretty firm in the USG/USEC region, the main commodities being grain, scrap and petcoke, trading mainly back to the Continent/Med range. On the smaller sizes, the Baltic Handysize index was steady, only gaining 9 points over the week to finish at 839 points, with the time charter routes gaining US$ 839 to reach US$ 12,300 daily.
The TARV was worth US$ 13,500 per day, whereas the Pacific round voyage traded close to US$ 11,000 daily. On the period front, a 58,000 dwt newbuilding fixed ex yard China for one year trading redelivery worldwide at a rate close to US$ 16,500 daily. Short period was getting fixed at US$ 16,000 daily for delivery Far East and redelivery worldwide. For the smaller sizes, Handysize are getting for short period basis delivery Far East numbers in the US$ 12,000 per day region.
Panamax
The Panamax 4TC average lost US$ 2,314 this week and closed on Friday at around US$ 16,000 per day. Rates seemed to be under pressure mainly in the east where Owners began revealing their tonnage in order to find employment over the festive period. Too few fresh cargoes here saw rates drop over US$ 3,000 during the course of the week.
The Atlantic remained firmer with a number of prompt ships and cargoes being covered, however there was an increased reluctance from the Owners to take their vessels back East. Atlantic rates ended the week at US$ 21,000 after dropping around US$ 1,000 on Friday which many attributed to more ships appearing open on the Cont/Med prior to Christmas. Short period activity was relatively scarce last week but a few fixtures indicated that short period levels were close to US$ 17,000 whilst a number of vessels were taken for a period of around two years at US$ 18,000 daily.
Capesize
A marginal increase in the BCI this week as activity in the Pacific picked up slightly on the back of miners’ interest. However this could not be maintained into the new week, and the index lost 50 points on Monday. This has now taken the 4TC down to below the US$ 25,000 per day mark, although some of the softness can be attributed to the wind-down before Christmas. Based on trading in the futures market, rates are expected to continue their drift down in 2011, with 1H 2011 looking slightly more optimistic still than second half. Ship deliveries have slowed at the year end, but we can expect a resurgence in January with many owners postponing their December deliveries to the new year in order to have the more attractive ‘2011 built’ tag.
Source: BRS
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Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
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Showing 5481 to 5485 news of total 6871 |
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- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Planning Commission, India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
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