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Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
 A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there was continued optimism in the coal markets with China expected to be a net importer again in 2010.
Rising ore prices continue to put pressure on buyers to find new suppliers and China’s largest metals trader Minmetals Corporation confirmed it had started due diligence on several iron ore projects in Mauritania. Senegal also reported it will offer China 3.5bn tons of iron ore reserves with iron content of 63%. On the supply side, vessel deliveries continue to climb, with approximately 80 Capes, 25 Panamaxes, 75 Supramaxes and 60 Handysizes delivered so far this year. Interestingly the pace of delivery has accelerated significantly for the Capes and Handysizes, but remains modest for the Panamaxes where deliveries this year are just 15% higher than the last six weeks of 2009, helping keep Panamax rates firm.
Supra/Handy
The Supramax Atlantic market has been relatively busy throughout the week. The USG basin firmed up with some fresh requirement and only a few ships available, pushing the USG/Cont route over US$ 43,000 per day (more than a US$ 3,000 w-o-w increase). Scrap stems keep the Cont busy. ECSA market was steady as well and grain traders had to pay a good premium for April loaders. However with fewer iron ore exports out of WC India, ships are now ballasting toward ECSA. The Handy Atlantic market also rose, especially the ECSA/Cont route which gained more than US$ 1,500/day to finish the week just below US$ 31,000/day. In the Pacific, the Supra market was still softening. The ECI/China route lost almost US$ 3,000 per day and closed Friday at about US$ 28,500.
The Indo/China and Nopac routes improved in the middle of the week but lost all gains Thursday and Friday to close the week at very close to US$ 23,000. Short period market is now worth around US$ 25,000/day for TESS 52 delivery N China.
The Handyside market was firm and gained US$ 500 per day thanks to a good coal activity out of Indonesia.
Panamax
The Panamax market witnessed a small increase on the week, with the BPI rising 82 points and the average of the 4 timecharter routes gaining US$ 673 overall. However, rates in the Atlantic appeared a little ‘toppy’ towards the end part of the week with little fresh enquiry to report and limited activity in general, while the Pacific was still being largely held up and supported by the continued east coast south American grain exports.
This saw levels holding steady in the low-mid US$ 30,000s region for vessels delivering in the Far East. Short period rates in the east remained steady at around the US$ 32,000 level despite a lack of activity on the period front.
Capesize
A flat week for the Capes with only the Brazil/China run showing any real improvement. Freight rates on this route were up to around US$ 24.50 by the end of the week, but Australia-China showed no perceptible change. Overall the BCI recorded a slight gain of 3% to reach 3,071 points, while the four time charter average finished at US$ 26,250. FFA rates meanwhile dipped slightly for 2010 trading, although there was a small improvement in 2011 prices, and the physical market also saw the return of some period business, and a 171,800 deadweight vessel was reported booked at US$ 32,000 for one year. There was little clear direction in the market however, and rates came off again slightly on Monday.
Source: BRS Dry Bulk
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Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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