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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 follows: the BDI at 2,153 points (-0.9%), the BCI at 3,566 (-0.6%), the BPI at 2,026 (-2.8%), the BSI at 1,607 (+0.8%) and the BHI at 826 points (+0.5%). Falling iron ore prices continued to prompt discussion, as Chinese steel prices also fell to a 10-month low last week in response to moderating construction demand. Recent steel prices have prompted some Chinese producers to cut output or bring forward maintenance. 62% fine CFR Tianjin finished the week at $142.6 per tonne. The cash price of ore has not traded at less than $140 per ton since September 2010.
Capesize
Despite the Coaltrans conference in Madrid, and the near one-year high achieved by Capesize rates the previous week, there was no major correction in the market. Overall the BCI came off just 0.6%, while the four time charter average only budged $324 to finish at $30,975. Regionally, Tubarao-Qingdao rates actually rose, and a mid November cargo was reported at $30 per tonne, with plenty of activity in both basins in the second half of the week. Paper rates meanwhile saw significant gains over the week, suggesting confidence for the short term is there. November and Q4 contracts recorded gains of 12.6% and 9.8% respectively w-o-w. Monday saw more positive signs, with the 4TC rising $437, compensating for the losses of the previous week.
Panamax
The Panamax market was strong last week with ‘high’ rates seen until midweek. The end of the week was relatively quiet, and it was the same for the start of the new week. Both TA and Pacific RV kept improving and respectively reached $18-$18,300 and $15,600-$15,800 on Wednesday, with fronthaul rates reaching up to $26,500/day. That said, the market marked a pause with tonnage building up in the Atlantic and Pacific. Fronthaul was reported in the $25,500 region and TA was hovering in the $17,800-$18,000 area. The market now appears to be topping out. The only market which remained tight the whole week was the Indian market with very little tonnage available for WCI to China trip. We are now expecting a drop in rates as a fair number of ballasters from the East could hit the Atlantic market very soon, so a weak second half of November is predicted, with many players strongly bearish.
Supramax/Handy
The Baltic Supramax rose 13 points to finish at 1,607 last week, while the average of the time charter routes gained $133 to finish at $16,804, mainly driven by the US Gulf. The Atlantic remain very firm with Supras fixed from the USG to Cont at $31,000 daily, while USG to Far East was fixed at $36,250. The Far East was softening by the end of the week with vessels fixed from China via Indonesia to India at around $14,500 and the Nopac was fixed around $15,000 daily. The activity was also supported by interest in short period with redelivery worldwide at around $14,500-$15,000. In the smaller sizes, the market was pretty steady: the Handy Baltic Index gained 4 points to finish at 826 points, while the time charter route finished at $11,901.
In the Pacific, the Aussie round dropped more than $700 compared to last week, and a vessel was fixed at $10,400 daily. The NOPAC also decreased by more than $500. The Atlantic remains firm with a lot of activity supported, and short period around $12,000 for 3 to 5 months. Otherwise, fixtures have been done at $19,000 from Black Sea to India and similar number has been seen from USG to Cont, while $21,000 daily has been seen from ECSA to the Far East.
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 ...
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 ...
Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
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Showing 5011 to 5015 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
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