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Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
 It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall the BDI slipped 3% Friday to Friday. In the ore market, China announced November imports of 57.3m tonnes, a 25% increase on October. However traders said October’s figures were distorted by the National Holiday during the month, which had pushed many normal shipments into September. November’s increase could also be explained by stockpiling ahead of January’s anticipated rise in ore prices, which are reported to be set 7.6% higher for first-quarter 2011. Total Chinese ore imports for Jan-Nov stand at 560.6m tonnes, down 0.9% from last year.
Supramax/Handy
The BSI continued its way up, with an increase of 4.8% during the week. The average of the TC routes closed at US$17,458 on Friday while the BHSI gained 2% with the average of the TC routes reaching US$12,150. The end of year rally is still in force with shippers/ charterers willing to have bills of lading dated in December. Supramaxes were getting fixed at about US$24,000 per day dop French Atlantic, redelivery India routing via Cape of Good Hope, with a premium of about US$2,000 for routing via Suez/Goa, where Transatlantic Round voyages are paying about US$20,000 daily. Out of the USG, Supras are getting fixed at around US$30,000 daily for a TC to the Med while a trip out is worth US$35,000 with redelivery Far East. The Pacific market climbed up a shade for the Supras, and they are now getting about US$16,000 per day for Indo to China. TC rates on WC India also climbed consistently to reach close to US$18,000 levels. There are numerous iron ore parcels now in the market, however the TML issue still persists. Volumes of coal from Indo to India have also increased. The market looks to remain firm for this week too, as shippers aim to move as much ore as possible.
Panamax
It was a slow week for the Panamaxes, although the Atlantic started strong. Overall the BPI dropped 1% and the 4TC average fell the same amount to finish the week at US$18,873 per day. Despite the unusual conditions in India, TC levels for Panamaxes from west coast India to China remain firm in the low US$20,000s level. A few cargos have been delayed due to the recent rainy conditions in Goa. Iron ore prices remain firm with a lot of buying/stockpiling by the Chinese. Although traders believe prices could go up in January, many experts do not echo these thoughts. Instead they believe prices may come off as construction activity eases off in northern China due to winter weather conditions, and stockpiles are sufficient. Goa/China freight levels on Panamax are at about US$16 pmt levels. TC levels may come under pressure as a lot of tonnage is expected open end December dates on the west coast.
Capesize
Another sharp drop for the Cape market this week, with the BCI dropping 9% and the four time charter losing another US$3,500 to finish on Friday at around US$25,300 per day. Rates are now at their lowest level since August. Widespread availability of tonnage remains the main problem. Atlantic markets lost the most during the week, seeing a market correction after their recent strength. The Pacific was the least affected although there are signs of several deals now in the US$8.30- US$8.50 range. The BCI fell another 30 points on Monday with few signs of an increase in cargo demand in the run-up to the holidays.
Source: BRS Dry Bulk
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Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
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- Bhatia International Limited - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Australian Coal Association
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- The University of Queensland
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