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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, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the lo ...
Wednesday, 14 December 11
TIMAH PLANS TO BOOST ITS COAL PRODUCTION TO TWO MILLION TONS PER ANNUM - SOURCES
COALspot.com - Timah plans to boost its coal production to two million tons per annum. The company also expects to acquire coal concession with mini ...
Wednesday, 14 December 11
BORNEO RESOURCE INVESTMENTS LTD. FINALIZES ACQUISITION OF INTEGRA PRIMA
COALspot.com - Borneo Resource Investments Ltd., announced that it has finalized the acquisition of an additional 1,300 hectare coal mining concessi ...
Tuesday, 13 December 11
BERAU COAL SCOUTS US$1.61 BIO SALES - INSIDER STORIES
Insider Stories reported that, coal mining company PT Berau Coal Energy Tbk (BRAU), that is 85% owned by London-listed company Bumi Plc, estimates a ...
Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
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Showing 4931 to 4935 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Australian Coal Association
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- The University of Queensland
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
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