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Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
 With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 (11.5%), the BPI at 2,084 (+8.9%), the BSI 1,594 (+4%) and the BHI moved to 822 points (+6.2%). In the iron ore market, recent volatility in ore prices has prompted some mining companies to sidestep the quarterly pricing mechanism and offer ore at spot prices. Market sources say Chinese mills are reluctant to pay the fourth quarter contract price of $175 per tonne (based on the average for the previous quarter) when current spot prices are just $160 per tonne. Instead Vale has reportedly offered fourth-quarter prices based on the average for October-December spot rates. The move could encourage continued buying by the Chinese, especially as prices have continued to fall in recent days.
Capesize
An unexpected second week of gains for the Cape size market, with the 4TC hitting its highest rate since November 2010 on Friday. Activity was very strong in the Pacific, with plenty of fixtures concluded. Hedland-Qingdao saw the biggest gains during the week, as buyers returned from the Chinese holidays, and there were even rumors of a post-$13 per tonne deal. The continued good activity has resulted in rising congestion in China, and almost 70 ships were seen at anchorage in the country by Friday. This compares to 45 vessels the previous week, with nearly 90 ships expected over the next fortnight. However the BCI fell nearly 50 points on Monday, and the Coaltrans conference in Madrid is also expected to lead to a quieter market in the coming week.
Panamax
The Atlantic basin remained tight on prompt tonnage, with reasonable volumes of USG/China business being concluded. There was also an increase in TA stems towards the end of the week, providing additional support to the market (an increase of $1,437 on 1A and $1,608 on the 2A indices), although there is a feeling the market may begin to stabilize if business out of the Gulf thins. In addition to this, Coaltrans in the early part of the coming week could subdue the market somewhat. Looking forward, the trend in the Atlantic could well steady after the rises in recent weeks. The Pacific market also continued to climb over the week, with cargo volumes remaining healthy. Having said this, the level of activity seemed to tail off a touch towards the end of the week with some expectations for a more stable index in the coming days, and little in the way of fresh business being concluded at the beginning of the new week.
Supramax/Handy
The market was very firm last week and even though we felt there were signs of slowing towards the end of the week, the indices were still on the rise. For Supras, the Baltic Index gained 50 points to end at 1,594, with the TC average increasing by $521 to finish at $16,150. Modern Supras were fixed very quickly with none left in ECSA for October dates. From the USG, cargoes to the Far East were fixed in the mid $30,000s, and in the low $30,000s to the Continent. For trips from West Coast Africa via ECSA to the Far East, rates were around $23-24,000. For the smaller sizes, the market was also strong and kept on increasing with the Index gaining 36 points to finish at 822. The TC average for the Handies increased by $476 to end the week at $11,911. Fewer fixtures were reported for Handies than for Supras however from the Continent; Handies were fixed to the Med in the mid/ high $10,000s. From the Med, Handies were fixed to East Coast South America at $10,000. In the East, Supras were fixed around $15,000 dop China via Indonesia redelivery Far East. Aussie rounds on Handies were fixed around $12,000. On period, a couple of modern Supras were taken in the Far East for short period at around $15,000 with redelivery worldwide. A couple of Supras were taken for a year around $14-14,500 with delivery in the Far East and worldwide redelivery.
Source: Barry Rogliano Salles
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Wednesday, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
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- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- The University of Queensland
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
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