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Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy
Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchanged this week and only the front haul voyages from Baltic/BlSea were valued bit less by the comparison to last week numbers. Scrap cargoes from Baltic and Cont to East Med paid decent money at around USD 14/ 15k/day. USG to FE stems were paying in the region of 18,500/day. Average of TC routes finished at USD 8840, what a remarkable number compared to Panamax average. Pacific market became firm since last week with more cargoes and tight tonnage for spot cargoes. Indo-India rounds were around USD 12k bss Singapore dely. Nopac rounds were fixed at USD 8k dely dop Japan. Indian iron ore activity was quiet. WCI-India rounds were done at USD 7k and ECI-India was fixed at USD 5k. RBCT rounds were done at USD 8k + BB 250k bss APS. Red Sea fertilisers were fixed in high teens. Short period rates for large eco Supra were around USD 9k.
Panamax
Another week with softening rates in the Atlantic. Owners looking to cover their positions for an RV are now facing levels below USD 2k. These levels are well below Opex and some owners are reluctant to even do this and dropping anchor hoping to catch a big tuna instead. Front hauls are being fixed around 11-12k. In the Pacific, however, some positive remarks where rounds now are being fixed at ard USD 5k. China officials have announced approvals for a USD 100 billion stimulus package involving 25 new subway lines and thousands of kilometres with new high ways. This could lead to improved shipments of iron ore and coal for the future and might be what we are waiting for.
Capesize
Finally activity and rates picked up pretty good, as rates for west Australia to China improved from USD 7 to 7.35 and then to 8 in three days. The latter was for early dates, but still sending positive signals. For front haul, the index is presently at USD 19.50 - with owners rating around the 20 mark. And short period, which last week was fixed at USD 8000/low USD 8000, is presently USD 9000 (last done).
Source: Fearnleys AS
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Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
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- Australian Coal Association
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- IEA Clean Coal Centre - UK
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- Meenaskhi Energy Private Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
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- MS Steel International - UAE
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- McConnell Dowell - Australia
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- Economic Council, Georgia
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- International Coal Ventures Pvt Ltd - India
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- Cement Manufacturers Association - India
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- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
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- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
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- Bangladesh Power Developement Board
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- Eastern Coal Council - USA
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- Global Coal Blending Company Limited - Australia
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- Minerals Council of Australia
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- Altura Mining Limited, Indonesia
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- Parliament of New Zealand
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- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
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- Jaiprakash Power Ventures ltd
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- Energy Development Corp, Philippines
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- The University of Queensland
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- Bharathi Cement Corporation - India
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- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
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