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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, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
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- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Bhatia International Limited - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
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