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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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Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
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- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- The University of Queensland
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
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