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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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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
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