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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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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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Showing 5261 to 5265 news of total 6871 |
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- Bharathi Cement Corporation - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
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