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Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% increase. The rise in Panamax rates represents the first positive development in some time after almost seven weeks of consecutive declines. Even with the small gain seen this week, the Panamax 4TC has lost 70% of its value since early March. Of course, coal shipments have been severely disrupted by weather related factors, and this week China reported a 25% decline in its coal imports over the first three months of 2011. This stands in sharp contrast to its iron ore imports which rose nearly 10% in the same period.
Capesize
Holidays in Europe reduced activity in the Atlantic, although a period of fixing by the mining groups in the Pacific kept activity ticking over there. Overall the BCI inched up 1% while the time charter average closed the week at just under US$ 6,700. With worldwide steel production continuing to rise (up 7% in March), demand for iron ore remains strong. However with an average 27 ships joining the fleet each month, supply continues to outpace demand. In the paper market, rates picked up across the board and short-term prices strengthened. Prices are now US$ 10,700 and US$ 11,160 for June and July respectively.
Panamax
The Panamax market saw very quiet conditions in both the Atlantic and Pacific this week, mainly due to the long weekend in the East. There was plenty of tonnage still available in both basins and the time charter rates barely managing to break into four digits for the Atlantic and Pacific round voyages. Fronthauls were being fixed in the low US$ 20,000s. Period activity also declined, with rates still in the low teens for short periods of 3-5 or 4-6 months.
Handysize
Last week activity remained slow due to the holidays in the east. The Handy market continued to slide down, and the TC average closed the week at US$ 11,897 compared to US$ 11,985 the week before. Supras remained steady and finished the week at US$ 14,530 led by the route USG/skaw –Passero. East coast South America remains the leading actor in the Atlantic with wheat and sugar traded to various destinations. A few fixtures have been done from USG to Cont/Med at around US$ 17,000 for Handies and US$ 24,000 for the Supras. The Mediterranean/Black Sea market remained lacking in action. In the east, rates continued to slids down for both Handies and Supras. Supras were fixed from Indonesia to China at around US$ 17,000 with mainly coal, and around US$ 14,000 from India to China. A few Supras have been taken for 4-6 months at around US$ 15,000 delivery India.
Source: Barry Rogliano Salles
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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
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- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Parliament of New Zealand
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
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