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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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Friday, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
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Showing 5066 to 5070 news of total 6871 |
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- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Australian Coal Association
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- The University of Queensland
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
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