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Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
 There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the heavy losses suffered in early February.
The time charter averages for these segments have now returned to the relatively robust levels of around US$24,000/ day per day for the Supras and US$16,500/ day for the Handies. In the wider dry bulk market, there was a notable increase in corporate activity, some of which would have been unimaginable a year ago.
Capesize
Capesize markets bucked the wider trend this week and the four time charter average lost 14% to settle around US$28,400. After a strong week in the Panamax sector, the market also saw the BCI slip below the BPI. A surplus of tonnage in the Pacific saw demand from the mining groups swallowed up with little positive impact on rates, while the Atlantic remained quiet. FFA rates for second-quarter 2010 also declined from last week’s US$35,000 to around US$30,000/day. With so much tonnage available, there was little expectation of a big increase going forward and the index dropped slightly on Monday.
Panamax
The Panamax market bucked the trend of the falling Cape market and saw small gains during the course of the week. There was not much in way of large increases in cargo volumes in the Atlantic but here owners were reluctant to send vessels east on the front haul route and this in turn pushed levels up over the US$40,000 mark. The Transatlantic rounds were concluded at improved US$26/27,000 levels. In the Pacific, rates also picked up as ships open in the east were picked off to load predominantly grain business ex east coast south America, which in turn pulled the local shorter Pacific trips up in price to around the mid US$20,000s, depending on delivery and what kind of round voyage. A few short period deals were concluded with rates being agreed at around US$27/28,000 for Pacific delivery and the mid US$30,000s in the Atlantic. It is difficult to see the market sustaining this trend without evidence of some fresh enquiry in both basins.
Supra/Handy
The Baltic Supramax Index went up by 185 points to finish at 2,228 points last week, while the average of the time charter routes gained about US$1,940 to finish at US$23,927 per day. The market was active in the Atlantic, and there was particular pressure on tonnage in the southern part of the basin. We saw some activity with grain and sugar ex ECSA. The USG was steady and firming by the end of the week with vessels being fixed close to US$40,000 daily for trip to Continent. In the smaller sizes, the Baltic Handy size Index went up by 86 points to finish at 1,153 points while the time charter routes gained US$1,267 to reach US$16,872 per day. The Atlantic was much firmer than the Pacific and the TARV is worth US$19,000/day today, whereas the Pacific round voyage is worth US$15,000/day. A Handysize for trip out was evaluated in the region of US$25,000 last week. In the Pacific, the week started with firm numbers, with Nopac fixing in the high teens/low twenties for North China deliveries.
The Far East also picked up for Indonesian rounds in the mid-high teens for north China and mid-high teens for south China deliveries.
India was again the winner in the East, with Supramaxes fixing close to US$40,000/day from the west coast, and mid US$30,000s from the east for non-Haldia positions to China. Vessels in Haldia were getting a healthy mid-high US$30,000s.
There was a little period interest in the market with most charterers looking to pay low US$20,000s, while owners were targeting mid US$20,000s. Supramax were getting fixed for short period at US$25,000 daily with Far East delivery, while Atlantic delivery was getting US$30,000/day.
Source: BRS
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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Showing 5956 to 5960 news of total 6871 |
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- Bhatia International Limited - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Planning Commission, India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Parliament of New Zealand
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
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