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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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Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
Wednesday, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
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- Edison Trading Spa - Italy
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
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