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Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 points. Apart from the slump seen in July, this is the lowest level recorded for 2010. Early predictions that Chinese ore imports would continue to drive the market up in 2010 proved incorrect. Official figures show China imported 560.5m tones Jan-Nov, compared to565.8m in the same period in 2009.Among exporters, Australia was the biggest beneficiary, increasing its exports to China by 2.4% year-on-year, while the other major producers Brazil, India and South Africa saw their exports decline approximately 9%, 7% and 12%. However China continues to diversify its ore sources, and many smaller producers such as Iran, Indonesia, Peru and Chile increased their sales during 2010.
Supramax/Handy
The market has been very quiet over the last ten days, and verging on non-existent. Christmas brought no relief to the ships open in the east, with rates still holding in the region of US$ 10-11,000 per day for local employment. The pace of new building deliveries of Supramax and Handies is fast and charterers can afford to be choosy. India failed to maintain the momentum seen before Christmas and the west coast India/ China run was being fixed at US$ 15,000, as opposed to the US$ 18,000 and over which was seen at that time. Over the holidays one could see ballasters leaving east coast India in a southbound direction. By comparison the Atlantic is faring a little bit better with hardly any prompt positions of Supramax in the south Atlantic or USG. Handies seem more affected with plenty of spot/prompt positions all over the place. Transatlantic round voyages are getting fixed at around US$ 15-16,000 for Supras and US$10-12,000 for modern Handies. The demand for long period has disappeared, which may be a sign of operators’ hesitation to commit in an uncertain future.
Panamax
This week was very quiet as expected during the festive season. The TA round market hovered in the mid US$ 20,000s per day and seemed stable, mainly due to the thin number of candidates open in this area and some ECSA cargoes activity. However, ballasters from the Far East and India were apparent and should balance out the market. Out of India, the market was relatively quiet. Goa’s exports were impacted by the truckers’ strike and the iron ore ban continues. The WCI-China route was traded in the mid US$ 10,000s. The ECI market was relatively quiet except for Haldia. In the Far East, the market did not improve and levels reached US$ 8-8,500 per day for a Nopac round. The short period activity was sluggish and the last reported fixtures were hanging around the mid US$ 10,000s for Tess 74 delivery North China or India redelivery worldwide. One-year period candidates were traded around US$ 16-17,000 per day.
Capsize
A very quiet week for the Cape market, with little happening in the last ten days of the year. Overall the sentiment appeared flat to weakening, and in the futures market short-term prices fell. January Cape 4TC is now trading at just over US$ 20,000 per day, compared to overUS$ 23,000 in the week before Christmas. However for 2H 2011 rates remain little changed. Ship deliveries slowed in the final fortnight of the year, but we can expect a ‘bunching’ of deliveries in early 2011 as ships completed in December are held over for the new year.
Source: BRS Dry Bulk
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Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
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- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Planning Commission, India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Australian Coal Association
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