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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, rates rose slightly but it was an inconclusive week. Adding to the uncertain situation in India, Chhattisgarh state, which produces around 20% of India's iron ore reserves, this week became the latest to threaten a possible ban on exports after the state’s chief minister appealed to the Indian prime minister. The region has only one ore miner, state-owned NMDC, so a decision on a ban would have to be made by the federal government. Karnataka’s ban on exports from private firms is currently being appealed in the Supreme Court, but has already resulted in a significant drop in exports from the country.
Capesize
Although Chinese New Year is now well and truly behind us, there has yet to be a significant recovery in Capesize rates. Rates rose Friday to Friday but started another downward slide towards the end of the week. At US$ 6,620 per day on Friday, the 4TC is still lower than rates before the holiday. Widespread tonnage availability continues to be the main issue, particularly in the Pacific, and the only route to show any real rate increase was Brazil-China. There was no period activity to report, and in the FFA market Q2 has now dropped from US$ 21,000 levels to US$ 17,500. The BCI recorded another drop on Monday.
Panamax
The Panamax market this week continued in the same vein as last week, boosted by a firm Indian market; the 4TC average closed on Friday at US$ 16,000 per day, up US$3,000 compared to a week ago. The route paying the most was the WCI/ China trade where a standard Tess 74 managed to fix at US$ 22/23,000 per day. The Nopac itself was closer to US$15,000/ day, representing an increase of around US$ 4,000 compared to last week’s level. The India buzz had an impact on TA round rates and especially in the ECSA area. But by the end of the week we noted a decrease in activity, with a still quiet ECSA grain export market and high ship availability. The TA round ended the week at US$15/16,000 per day. Period wise, numbers increased as well and operators were taking ships in at around US$18,000 per day ie an increase of US$2,000 compared to the previous week.
Supramax/Handy
The Baltic Supramax Index has continued to rise throughout the week as activity picks up steadily after the Chinese New Year. Despite this rise, one wonders whether the improvements will last. The BSI gained 113 points to finish at 1,267 points last week, while the average of the time charter average gained US$1,184 to finish at US$13,247. The USG and NCSA were the most active areas, and modern Supras were fixed at in the low/ mid US$20,000s back to the Continent/Med. Supras were paid around US$25,000 for delivery west coast central America. The Continent has also been active with fixtures reported to various destinations including the Far East in the very high US$10,000s, and a couple of laden legs within the Atlantic in the mid US$10,000s. Little emerged from South America on the Supras. The Baltic has also been on the rise for smaller sizes and the BHSI gained 19 points last week to finish at 670, while the average of the time charter gained US$304 to finish at US$9,906. East coast South America has been more active mainly with grain fixtures to the Continent and Mediterranean in the mid to mid/high US$10,000s depending on vessel age. From north coast South America vessels were fixed at US$15,000 for Continent redelivery and modern Handies were rumoured fixed at US$10,000 from the eastern Med to west Africa. Modern Supras were fixed in the mid US$10,000s level for 4-6 months period with delivery Far East. The Pacific was also on the rise with Supramaxes ex Japan to Australia/Nopac gaining US$2,386 to end the week at US$10,791. Supras open in China for a trip to Indonesia with redelivery India were paid a touch below US$10,000.
Source: Barry Rogliano Salles
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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
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