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Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
 With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tumble last week and the BDI and Capesize 4TC are now at their lowest levels for 2 years. Thursday saw the BDI bottom out at 1,438 points, a result mainly of softness in the Cape market. Rising commodity prices indicate there is still good demand for product, which suggests new building deliveries are the main issue affecting rates. After two weeks of 2011, 20 new Capes have been delivered, 9 Panamaxes, 28 Supramaxes, and 21 Handysizes, indicating the pace of delivery is increasing. In the FFA market, 2H 2011 is now trading at around US$21,000 per day compared to US$24,000 six months ago.
Capesize
Another period of softening rates in the Cape market, and the BCI lost a further 15% or 270 points Friday-to-Friday. The Cape 4TC, at just under US$9,700, is now below the time charter equivalent for all the other bulk sizes. Players reported a sharp drop in Australian business, with coal operations still disrupted due to weather factors, and a lacklustre demand for ore. In the period market, it was reported that a 161,000 tonner was taken for 3-5 months at US$13,000 per day. However the sole one-year charter was signed at a BCI index-linked rate. On Monday however the BCI lost just 5 points, raising hopes among owners that the market may be bottoming out.
Panamax
The Panamax 4TC average stayed flat this week and hovered between US$15,300 and US$15,400 per day. However the two basins went in opposite directions. The Pacific showed some resistance due to the number of ballasters going to the USG and ECSA, and ships caught in the congestion in Queensland created some opportunities for the other vessels. The Nopac route gained US$500 and closed the week at US$10,000 per day. West of Suez, in the Atlantic, the market eased by US$1,000 as very few fresh requirements hit the market and the fleet supply end Jan was growing day by day. Regarding the period market, all major operators were quiet and the few ships which went on short period for delivery China or India were getting fixed at US$16,500 per day.
Supramax/Handy
The Baltic Supramax Index has shown a few signs of recovery with most of the routes following a slight upward trend. Delays in the southern part of the Atlantic due to bad weather/congestion have resulted in charterers having to come on the market looking for substitute vessels, of which very few are available. The Baltic gained 48 points to finish at 1,393 points last week, while the average of the TC routes gained US$506 to finish at US$14,570. The US Gulf and the Continent were the drivers of the Atlantic where fewer fixtures were seen from East Coast South America. A Supra delivery west Africa for a trip via Brazil/ Argentina to the Singapore/Japan range was rumoured to have fixed at US$24,000 dop. From the USG, modern Supras were fixed to the Continent around the mid US$20,000s, and to the Singapore/Japan range in the low/ mid to mid US$30,000s. For the smaller sizes, the trend of the Baltic Handysize index has been steady, finishing at 765 points with no difference noted as it had started at 765 points. Only the TC Handysize average showed very minor signs of improvement, as it gained US$25 to finish the week at US$11,129 per day.
For Handies, the driver has been East Coast South America which has been more active than the US Gulf or the Continent (which has seen a few scrap orders back to the east Med), and the Black Sea which remains silent. A couple of Modern Supramaxes ex Far East for 2-4 month periods were fixed between US$12-13,000. The Pacific has continued to weaken with Supramaxes being fixed for backhauls at around US$7,000 ex Taiwan, while ex Japan to Australia/Nopac were fixed around US$7,500.
Source: Barry Rogliano Salles (BRS)
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Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
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- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
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