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Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
 The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into the new year) has kept the pressure on all dry bulk segments, pushing the indices down to levels not seen in very long time. The BDI ended the week at 862 points (-18.1%), a last reached just after the Lehman Bros shock in October and November 2008.
The individual segments read as follows: the BCI dropped to 1,554 (-9.8%), the BPI and the BSI to 1,020 (-19.3%) and 807 (-16.9%) respectively, and the BHI slipped to 485 points (-9.0%). All sizes continued to head south at the start of the new week.
Capesize
Another severe drop in the Capesize 4TC this last week as China prepared for its New Year celebrations, removing any possibility of a turnaround in the near term. At $6,688 per day by close on Friday, this represents the lowest level for eight months, and a 27% drop on the previous week. At these levels, lay-up has again become a reality. The Atlantic market saw the biggest decline with Bolivar-east Med dropping as much as 10% and Tubarao- Rotterdam 6%. In the Pacific, trade was fairly brisk but rates remained flat to slightly negative at $7.60-$7.65. Tubarao- China dropped 3% to $19.55 by Friday and was reported as low as $19.35. However in the FFA market, activity suggested rates may be close to a bottom, and overall Feb+Mar and Cal12 closed the week up, at $10,529 (+679) and $12,958 (+334). Monday saw another fall in the 4TC however, and the Cape time charter average is now trading at a 6% discount to the Handies.
Panamax
Last week saw the decline in Panamax rates continue unabated in the face of limited fresh cargoes and an ever growing tonnage list. The Atlantic market remained under pressure with the 1A index falling back from $10,731 to $7,824, and 2A index from $21,183 to $18,127. One of the primary drivers behind this trend (besides the distinct lack of cargo) has been the sheer number of ballasters arriving from the East. High coal stockpiles, uncertainty surrounding forward demand for both iron ore and steel products, and the imminent lunar New Year holidays have depressed demand in the Pacific, forcing many owners to search for business elsewhere. Both 1A and 2A markets have subsequently been hammered, with many fixtures in fact being reported at levels well below that of the current index. The supply side is unlikely to improve any time soon, as many newbuilds initially slated for delivery at the end of 2011 are pushed back into Q1 2012. The outlook in the coming weeks remains bearish, with reported 3-5 month period rates declining below $10,000 per day basis delivery Far East. There are some commentators who believe rates should decline less sharply in the coming week or two, although likewise it is also difficult to argue in favour of any sharp improvement.
Supramax/Handy
The Handy/Handymax market saw rates heading south throughout last week although at a slower pace than their larger cousins. The week started at almost $10,000 and closed at $8,500 for the Supras and $7,600 down to $6,900 for the Handies. A remarkable achievement in an otherwise dull market largely affected by the holidays in the Far East. No area was spared except maybe for South America where some activity started, together with the grain exports out of Argentina. That being said, the reduction of the available draft in the river is affecting owners’ revenue.
The rest of the world has been severely hit with the USG taking the biggest hit since there were reports last week of a TES 58 fixing at $13,500 for a trip to the Continent. Period activity has come close to zero, with no one willing to commit, although some index-linked deals randomly surface.
BRS wishing their Chinese readers a Gong Xi Fa Cai.
Source: Barry Rogliano Salles
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Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
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Showing 5016 to 5020 news of total 6871 |
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- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
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