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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
 SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. Rates were under pressure in both basins due to a lack of prompt stems. In the Continent, Supras are getting low/mid US$ 30,000s for a TCT to the east Med with scrap. In the USG a modern 53,000 tonner was fixed at US$ 38,000 with redelivery in the Continent - about US$ 10,000 less than the previous week. In Brazil, most of the grain exporting ports have around 2 weeks congestion. Supras are getting high US$ 20,000s per day basis delivery west Africa redelivery Skaw/ Passero.
With India as the backbone of the Pacific recently, March loaders were able to get the higher numbers, with ships fixing in the low US$ 50,000s on the west coast, mid US$ 40,000s on the east coast, both for trips China, and ballasters from China/Far East loading in India in the region of mid to midhigh US$ 20,000s.
This kept the Pacific firm for the first half of the week, together with a number of stems out of Nopac and Australia (around mid US$ 20,000s), and Indonesia (high teens to low/mid US$ 20,000s). However, rates came off towards the end of the week, as vessels that could make March dates were fixed, and the market took a breather on April positions. Owners were still bullish on short period numbers, with many talking mid to mid/high US$ 20,000s for deliveries in the Far East, but charterers in general were not ready to pay those levels.
PANAMAX
The Panamax market witnessed a substantial correction as rates tumbled across both basins, as the BPI dropped 379 points and the average of the 4 time charter routes fell US$ 3,034 on the week. Weaker sentiment and a lack of fresh enquiry, together with a lack of support both from the paper market and the Capes, succeeded in pushing rates down. The Atlantic saw round voyage rates slip to the low US$ 30,000s region and upper US$ 20,000s for the equivalent round voyage in the Pacific basin. There was very little period activity of note to report as charterers backed away with paper values falling. With Easter holidays in Europe at end of this week pending, one would expect to see a similar trend in the market with sentiment still down.
CAPESIZE
A less dramatic drop in Capesize rates this week, with the BCI losing 8% and the four time charter average dropping 11% to finish the week at US$ 28,542/day. Despite falling congestion in China, weather problems in Australia have kept delays there high and around 85 Capes are reported to be anchored outside the main Australian ports with wait times of well over a month ahead of them. Weak demand on the Atlantic penalised that market, although conditions were better in the Pacific. By week end, it appeared conditions had stabilized, with the BCI losing just 4 points on Friday, and rising marginally by one point on Monday. Short period business was also concluded at rates above the spot market, with a 178,000 tonner reportedly taken ex yard in April for four to six months trading at US$ 37,000 per day.
Source: BRS Dry Bulk
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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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Showing 5896 to 5900 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
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