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Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
 The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has so far trickled down to the other sizes. The BDI gained almost 13%, while the BCI continued its remarkable performance climbing to 2,975 points, equivalent to a 27% gain w-o-w. The BPI and BSI lost a marginal 1.2% and 0.5%, while the BHSI was up by 0.5% to 670 points. Underpinning the increase in Cape rates, China reported record levels of import stockpiles Friday, at 95.59m tonnes. Imports originating from Brazil fell slightly against a week ago, but both Australia and India showed increases, with Indian imports rising 3.7% w-o-w.
Capesize
Another exceptionally strong week for the Capesize market, taking the BCI up to 2,975 points and the 4TC to $23,899, a rise of 43% and the highest levels seen since December 2010. A surge of incoming cargos was the reason, helped by firming steel demand in Asia, in particular China and Japan. Although gains were apparent across the board, Aus -China and the Atlantic slightly outperformed Braz-China. The newfound optimism, at least for the next month or two, resulted in more period enquiry. A one -year period deal was reported for a 2010built 176,000 tonner at $14,000 with delivery China mid September. Meanwhile a 175,000 tonner was reported booked in the Pacific for 5-7 months at $19,000. October FFA prices were trading Friday at $19,255, compared to just $14,325 a week ago.
Panamax
There was a marginal drop of -$153 on the 4TC Panamax w-o-w as the Atlantic softened by -$861, however this was balanced mainly by the Pacific basin’s increase of $485 w-o-w. This overall drop had little effect on paper which posted gains across the curve for the week, mainly driven by the dramatic increase in Cape paper prices. The increased activity and gains displayed on the Cape market did not filter into the smaller sizes in any significant way. In the Atlantic there was limited fresh enquiry whilst growing open tonnage gave impetus to a softening of rates throughout the week. The Pacific on the other hand did realise gains over the week mainly on the back of spot fixing for Indonesia and Australia cargoes, which extended through to increased short period business being concluded also. The short period market for Panamax LME delivery North China firmed up a bit during the week from $13,800 to $14,500 end of the week reflecting a more positive sentiment for the coming months.
Supramax/Handy
Not much excitement going on in the market this past week. We hope/expect that the activity will start picking up now that summer is over and everyone has returned from vacation. For Supras, the Baltic Index lost 7 points to finish at 1,379, whereas the TC average decreased by $74 to finish at $14,489. Modern Supras were fixed from the USG to the Far East in the region of the high $20,000s, and in the mid $20,000s to the Med. From the Continent, modern Supras were fixed to the Med somewhere in the mid/ high $10,000s. For the smaller sizes, the market remained pretty much steady last week for Handies, with the Baltic losing 1 point and finishing at 670. The TC average for Handies increased by $8 to end the week at $9,945. From the USG, Handies were fixed to the Med in the mid $10,000s and in the low/mid $10,000s for a trip ex ECSA to the Med/Black Sea area. From the Cont a trip is a touch under $10,000 for NCSA destination.
In the East, Supras were fixed around $13,500 for dop China via Indonesia redel Far East. Supras open China were fixed around $8,500 for trips via Indonesia to East Coast India. The Aussie round was fixed a t o u c h b e l o w $ 1 0 , 0 0 0 . On period, modern Supras were taken in the Far East for 4/6 months around $15,000 with redelivery worldwide.
Source: Barry Rogliano Salles
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Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
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- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
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