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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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Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
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- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Australian Coal Association
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
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