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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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Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
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 impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Australian Coal Association
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
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