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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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Showing 5476 to 5480 news of total 6871 |
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- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Parliament of New Zealand
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- The University of Queensland
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- New Zealand Coal & Carbon
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