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Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
 Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing last week at 1,520, while on Thursday the BCI dropped below 2,000 points, its lowest level in six months. In the commodity markets, it was reported China’s steel mills will log lower profits of RMB 77bn ($11.61bn) for 2010 due to the high price of ore. In total China steel makers paid RMB 170bn (25.6bn) extra to purchase iron ore from overseas between January to November, despite the fact imports fell by nearly 6m tonnes. Profit margins for the Chinese steel industry will be 3.5% in 2010, lower than the 6% reported for Chinese industry as a whole. Ore prices are expected to rise again this year, with Credit Suisse last week predicting a 21% hike to an average US$178/tonne basis CFR China for the year.
Supramax/Handy
The beginning of the week was quiet for the Supras in the Atlantic, firming slightly towards Friday, and the Handies remained stable in that basin. On the other hand, the Pacific market for Supras became very dull and rates on the larger sizes were pulled down by the weakening Panamax market. A few sugar/agriprod Handymax parcels appeared on the market from ECSA for second half January but those charterers left with cargoes to be lifted on a prompt basis found themselves in tight situation with difficulties finding ships that were not delayed ECSA. Supramax units open ECSA were being fixed in the mid US$20,000s dop for trips via ECSA to the east, and Supras from WC Africa via ECSA to Continent were seen fixed in the high teens. From the USG to Far East, larger units were getting close to very low US$30,000s. The Transatlantic round voyages showed levels in the high teens for Supras. On the Continent, Handymaxes/Supras were getting fixed in the mid-high teens for trip to the east Med. Looking at the Pacific market now, there were very very few cargoes available and the Pacific round for Supras taken in North China was paying around US$7,000, while trip via Indonesia to India was closer to US$8,000. Trips with iron ore from India were paying in the low/very low teens. On the period front, few Supras were reported but in the Far East, larger units were seen fixed around US$14,000 for short period.
Panamax
The Panamax market found some resistance this week after a very quiet second half of December and the 4TC average gained US$1,000 per day to close the week at US$15,500 on Friday. The Atlantic kept a tight tonnage supply, pushing some charterers to pay close to US$22,000 per day for prompt tonnage dely Continent for TA round. The USG grain export was seeing some activity especially for trip out paying very high US$20,000 per day for ship dely Cont redel Far East. We noticed as well a few steel cargoes out of Black Sea to India. East of Suez the market suffered from the flood in Australia and a high number of vessels were idle at anchorage waiting for shippers to load. Indonesia was active with coal exports and the biggest operators were willing to take in some tonnage paying around US$15/16,000 per day for short period which gave some constancy to the near term market.
Capesize
With little activity even after the New Year, Capesize rates continued to fall rapidly. The market has now seen a 20% drop in the BCI since Christmas Eve. Although the Atlantic held up for a while, by the end of the month it had attracted ships from the Pacific, ensuring rates softened in both markets. By Friday the 4TC had slipped below US$13,000 per day, and the BCI had fallen below 2,000 points, the first time since the quiet months of August. The decline continued on Monday and the 4TC lost nearly another US$1,000 to close at US$11,900 per day.
Source: BRS Dry Bulk
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Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
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- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- The University of Queensland
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
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