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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, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
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- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- The University of Queensland
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
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