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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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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
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Showing 5971 to 5975 news of total 6871 |
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- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Planning Commission, India
- Electricity Authority, New Zealand
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
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