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Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
 There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 (+2.6%), the BPI 1,913 (+10.8%), BSI at 1,533 (+2.3%) and the BHI progressed to 774 points (+4.6%).
Capesize
A surprise jump in rates was recorded in the latter part of the week despite the week-long holidays in China. W-o-w the 4TC average rose nearly 5% to $27,876 per day. Rio Tinto was busy in the Pacific and a reported $11.35 was reached for one fixture for October loading, with around $10.70 proving to be the average for the week. South African coal proved another active area, while Atlantic tonnage was yet again tight, and again gains here showed the biggest increase. This activity resulted in a firming in the near-period FFA rates and Q4 finished with a near 13% gain compared to the previous week. The 4TC rose another $600 on Monday, with sentiment fairly positive for the week ahead.
Panamax
The Atlantic basin tightened over the week, with notable support emanating from the USG where enquiry remains healthy. Both TA and front haul rates improved notably (an increase of $1,341 on 1A and $1,683 on 2A indices between 30/09/11 - 07/10/11). The Pacific market also appeared tighter, in large part due to the holidays in Asia but also as a result of significant numbers of ballasters having sailed to the Atlantic in search of fresh business. Pacific rounds exhibited strong underlying support, with the 3A index rising by $2,281 over the week. Looking further forward however, there may be some expectation for additional tonnage from the East to weigh down on TA rates, although the market appears stable for the time being. There has also been a notable increase in the volume of open market tonnage in the Pacific at the beginning of the new week, suggesting that the recent upward trend may begin to stabilize a touch.
Supramax/Handy
The Baltic Supramax Index went up by 32 points to finish at 1,533 points last week, while the average of the time charter routes gained about $400 daily to finish at $16,000 per day.
The market remained steady with many players closed due to holidays and celebrations in the Far East. The market was active in the Atlantic however with scrap out of the Continent and more and more freshly added grain/sugar cargos ex-ECSA. Ballasters coming from the Pacific / Indian Ocean helped to balance the rates for the vessels suffering from fewer cargoes in India / Far East. On the other hand, more and more interest for Supramaxes on short / medium period helped to sustain the market.
On the smaller sizes, the Baltic Handysize index went up by 23 points to finish at 774 points with the time charter routes gaining $300 to reach $11,270 daily. The Atlantic and the Pacific levels are becoming quite balanced, and the TARV is worth $11,500/ day today, whereas the Pacific round voyage is valued $11,000 daily. On the period front, we saw interest on both middle period of 1 year and short period. A 57,000 dwt recently built vessel fixed for 12 months trading delivery Far East at $13,750 daily with worldwide redelivery, while short period reached levels close to $14/14,500 daily.
Source: Barry Rogliano Salles
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Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
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- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Australian Coal Association
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
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