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Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
 Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losing 8% to 1,764. There was little change for the smaller sizes, with the Supras flat at 1,322 and the Handysizes coming off slightly by 1.5% to fall to 721. In the steel markets, markets recorded a drop in global crude steel production in May of 1%, the first fall in three months. Declines in China were the main driver, and production is expected to slow further in the third quarter due to the country’s energy shortages. However with an annualized production rate of around 710m tonnes, output still remains significantly higher than last year’s 626m tonnes. Meanwhile in Europe, it was confirmed European buyers are now maintaining lower inventories in the wake of the financial crisis. Prior to 2007, inventory volumes were typically equivalent to 90 days of sales, but have now fallen closer to 60 days.
Capesize
A busy period in the Atlantic and Australia saw a second week of rate rises for the Capes: the BCI rose 8% to 1,974 points, while the 4TC rose to US$11,571 by week end. This 8% increase was replicated on both the Atlantic routes and Pacific and Bolivar-East Med rose to $13.50, while Hedland-Qingdao rose to $8.45. It was much quieter out of Brazil and rates rose more modestly there to around $20.50. In the FFA market, paper rates also rose with the physical market and by Friday close, Q3 and Q4 were trading at $10,808 and $11,808 respectively.
Panamax
The Panamax 4TC average went down by US$1,200/day closing the week at US$14,125/day underlying a quietness in all basins. East of Suez, the Indian ocean was still impacted by the monsoon and kept quiet and flat: Panamax out of WCi to China were paying $ 12/12.5 pmt. The Iron ore price market decreased this week on the back of a seasonal quiet Q3 and on very important iron ore stock pile at main Chinese ports. The nopac route went down by more than US$ 2,000/day with ships getting fixed at US$11,500/day. In the Atlantic, the tightness of tonnage was still supporting the market and we notices a drop of only US$1,000/day Friday to Friday. The USG was still active on coal export and the ECSA with grain mainly for trip out, paying still healthy number (mid 20’s + 550bb). On the period front the market was very quiet. The short period round for a LME dely Nchina redel WW was paying low 14’s pday.
Supramax/Handy
The Baltic Supramax Index went up by only 1 point to finish at 1,320 points last week, while the average of the time charter routes stayed steady to finish at US$13,800 per day. The market was active in both Atlantic and Pacific basins. In the Atlantic, Supramax tct from the USG to skaw/passero was getting fixed in the high US$20,000 daily delivery USG. Grain and sugar were still pushing hard in ecsa. Supramax were fixed for trip out at rate in the very low US$20,000’s daily dely Wafr region. TARV was showing rates in the high teens. In the Pacific, rates remained flat in the Far East/sS.E.Asia region, where levels are standing in betwteen US$8 and 10,000’s daily. Vessel s were getting fixed in the low teens on t/c basis Indonesia to India. One can see a general trend on vessels opening in India with owners still preferring to fix rbct coal and ECSA business back to the far east. On the smaller sizes, the Baltic Handysize index went down by 15 points to finish at 719 points with the time charter routes losing US$200 to reach US$10,700 daily. The Atlantic is firmer than the Pacific and the TARV is worth US$12,000/day today, whereas the Pacific round voyage is worth US$9/10,000 daily. On the period front, a large 57k dwt recently built fixed for 3/5 months trading delivery feast at US$13,500 daily with worldwide redelivery.
Source: BARRY ROGLIANO SALLES
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Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- PTC India Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
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