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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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Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Australian Coal Association
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Indian Energy Exchange, India
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