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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 improvement was mainly due to a surge in demand from the big miners in the Pacific in the later part of the week. However the Capesize 4TC is now hovering around US$25,000 per day, the lowest point since the summer and well down on the average for the year.
In India, Karnataka ore sellers will have to wait until mid January to hear a decision on their bid to overturn the state’s export ban. This week India’s top court gave the state additional time to respond to the miners’ legal petition. The Federation of Indian Mineral Industries has already estimated the ban will reduce India’s ore exports by 38% to 66m tons in 2010. The Karnataka High Court earlier upheld the provincial government’s decision to halt shipments overseas.
Supramax/Handy
The Baltic Supramax Index went down by 57 points to finish at 1,613 points last week, while the average of the time charter routes lost about US$ 600 daily to finish at US$ 16,800 per day. The market was active in the Atlantic but many vessels were turning spot towards the week creating some downward pressure in all basins, mainly in the Black Sea and ECSA. Some support was maintained though as activity continued on sugar and grain due to requirements out of ECSA. Activity remained pretty firm in the USG/USEC region, the main commodities being grain, scrap and petcoke, trading mainly back to the Continent/Med range. On the smaller sizes, the Baltic Handysize index was steady, only gaining 9 points over the week to finish at 839 points, with the time charter routes gaining US$ 839 to reach US$ 12,300 daily.
The TARV was worth US$ 13,500 per day, whereas the Pacific round voyage traded close to US$ 11,000 daily. On the period front, a 58,000 dwt newbuilding fixed ex yard China for one year trading redelivery worldwide at a rate close to US$ 16,500 daily. Short period was getting fixed at US$ 16,000 daily for delivery Far East and redelivery worldwide. For the smaller sizes, Handysize are getting for short period basis delivery Far East numbers in the US$ 12,000 per day region.
Panamax
The Panamax 4TC average lost US$ 2,314 this week and closed on Friday at around US$ 16,000 per day. Rates seemed to be under pressure mainly in the east where Owners began revealing their tonnage in order to find employment over the festive period. Too few fresh cargoes here saw rates drop over US$ 3,000 during the course of the week.
The Atlantic remained firmer with a number of prompt ships and cargoes being covered, however there was an increased reluctance from the Owners to take their vessels back East. Atlantic rates ended the week at US$ 21,000 after dropping around US$ 1,000 on Friday which many attributed to more ships appearing open on the Cont/Med prior to Christmas. Short period activity was relatively scarce last week but a few fixtures indicated that short period levels were close to US$ 17,000 whilst a number of vessels were taken for a period of around two years at US$ 18,000 daily.
Capesize
A marginal increase in the BCI this week as activity in the Pacific picked up slightly on the back of miners’ interest. However this could not be maintained into the new week, and the index lost 50 points on Monday. This has now taken the 4TC down to below the US$ 25,000 per day mark, although some of the softness can be attributed to the wind-down before Christmas. Based on trading in the futures market, rates are expected to continue their drift down in 2011, with 1H 2011 looking slightly more optimistic still than second half. Ship deliveries have slowed at the year end, but we can expect a resurgence in January with many owners postponing their December deliveries to the new year in order to have the more attractive ‘2011 built’ tag.
Source: BRS
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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
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 ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
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