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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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Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
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Showing 4656 to 4660 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- The University of Queensland
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
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