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Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
 Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing last week at 1,520, while on Thursday the BCI dropped below 2,000 points, its lowest level in six months. In the commodity markets, it was reported China’s steel mills will log lower profits of RMB 77bn ($11.61bn) for 2010 due to the high price of ore. In total China steel makers paid RMB 170bn (25.6bn) extra to purchase iron ore from overseas between January to November, despite the fact imports fell by nearly 6m tonnes. Profit margins for the Chinese steel industry will be 3.5% in 2010, lower than the 6% reported for Chinese industry as a whole. Ore prices are expected to rise again this year, with Credit Suisse last week predicting a 21% hike to an average US$178/tonne basis CFR China for the year.
Supramax/Handy
The beginning of the week was quiet for the Supras in the Atlantic, firming slightly towards Friday, and the Handies remained stable in that basin. On the other hand, the Pacific market for Supras became very dull and rates on the larger sizes were pulled down by the weakening Panamax market. A few sugar/agriprod Handymax parcels appeared on the market from ECSA for second half January but those charterers left with cargoes to be lifted on a prompt basis found themselves in tight situation with difficulties finding ships that were not delayed ECSA. Supramax units open ECSA were being fixed in the mid US$20,000s dop for trips via ECSA to the east, and Supras from WC Africa via ECSA to Continent were seen fixed in the high teens. From the USG to Far East, larger units were getting close to very low US$30,000s. The Transatlantic round voyages showed levels in the high teens for Supras. On the Continent, Handymaxes/Supras were getting fixed in the mid-high teens for trip to the east Med. Looking at the Pacific market now, there were very very few cargoes available and the Pacific round for Supras taken in North China was paying around US$7,000, while trip via Indonesia to India was closer to US$8,000. Trips with iron ore from India were paying in the low/very low teens. On the period front, few Supras were reported but in the Far East, larger units were seen fixed around US$14,000 for short period.
Panamax
The Panamax market found some resistance this week after a very quiet second half of December and the 4TC average gained US$1,000 per day to close the week at US$15,500 on Friday. The Atlantic kept a tight tonnage supply, pushing some charterers to pay close to US$22,000 per day for prompt tonnage dely Continent for TA round. The USG grain export was seeing some activity especially for trip out paying very high US$20,000 per day for ship dely Cont redel Far East. We noticed as well a few steel cargoes out of Black Sea to India. East of Suez the market suffered from the flood in Australia and a high number of vessels were idle at anchorage waiting for shippers to load. Indonesia was active with coal exports and the biggest operators were willing to take in some tonnage paying around US$15/16,000 per day for short period which gave some constancy to the near term market.
Capesize
With little activity even after the New Year, Capesize rates continued to fall rapidly. The market has now seen a 20% drop in the BCI since Christmas Eve. Although the Atlantic held up for a while, by the end of the month it had attracted ships from the Pacific, ensuring rates softened in both markets. By Friday the 4TC had slipped below US$13,000 per day, and the BCI had fallen below 2,000 points, the first time since the quiet months of August. The decline continued on Monday and the 4TC lost nearly another US$1,000 to close at US$11,900 per day.
Source: BRS Dry Bulk
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Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
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- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
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