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Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
 Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South America lifted the smaller sizes, while better transatlantic demand pushed Cape rates up.
In the iron ore segment, a short-term surge in demand seems possible after India imposed new export taxes on the commodity. The Federation of Indian Mineral Industries said it expected ore exports to fall between 30-35% a year as a result. Nearly all of India’s iron ore shipments are destined for China, and it is expected there could be a rush of Chinese buying before the tax is imposed on April 1. So far, existing contracts out of India are being honoured, but with next to no fresh contracts being signed, the impact of the change is likely to be more obvious next month.
Supramax/Handy
The Supramax market continued its upward trend from the previous week, and the BSI gained 6% to reach a TC average of US$15,340 by Friday. The increase was much stronger in the Pacific basin than in the Atlantic, and the NOPAC round gained 13% to reach about US$15,500 by the end of the week. Despite better market conditions in the Pacific, owners with Supras in the Atlantic were reluctant to fix them for a trip out. The market in the Continent was strong thanks to scrap and fertilizer orders, Supras getting about US$20,000 for a trip with scrap from Cont/Baltic with redelivery east Med, and the same level was fixed for dop Continent and redelivery China via the Cape of Good Hope. The US Gulf market remained stable with Supras getting fixed at US$24,000 basis dop USG and redelivery Skaw/Passero range, whereas USG to the East was fixed in the low US$30,000s per day. The Pacific market started strong, with index type Supras getting mid teens for Pacific rounds, while India positioned ships were fixing at similar levels out of the west coast, and mid/high teens out of the east. Rates steadily picked up towards the end of the week (due to tonnage getting tight for mid March dates), while a flurry of fixing resulted in ships in the Far East getting closer to high teens for Pacific rounds. West coast India to China was fixing in the mid/ high teens, and east coast India remained at similar levels. Backhaul on Supras climbed to close to US$10,000, up from around US$7-8,000. Short period was around mid to mid/high teens, depending on specs and position, and this remained steady all week.
Panamax
The Panamax market this week firmed up in all basins, with a week-on-week increase of over US$1,000 in the Atlantic to reach US$16,000 per day, and more than US$1,500 in the Pacific, to close at US$14,800 per day, pushing the 4TC average to US$16,000 per day. These trends were against a pretty high global offering of tonnage (especially in the Atlantic), except in the Indian Ocean which was clearly under pressure due to a lack of candidates able to carry iron ore to China, or to ballast to pick up grains for China via ECSA. This route was paying around US$19,000 per day for delivery India. Period activity, linked to the firmer FFA market, increased by US$1,000 per day ie around US$18,000 per day on a TESS 74 delivery Far East for short period.
Capesize
An 8% increase in the BCI this week, with greater activity in the Atlantic pushing rates. The BCI finished on Friday at 1,427 points, while the time charter average limped above US$5,700 per day. The prospects of more activity out of Australia gave some small confidence to the market, and April and May FFA rates rose to US$14,500 and US$16,400 respectively. Monday saw another US1,000 added to the 4TC, which suggests greater confidence for the week ahead, though which the current volatility there seems to be no certainty it will last.
Reported by - Barry Rogliano Salles
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Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry ...
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
COALspot.com - Indonesia shipped 28.962 Million tons of coal in May 2011, up by 15.86 percent compared to April export of about 24.995 m ...
Tuesday, 21 June 11
SURGE IN PRODUCTION AND PRICES TO PUSH BUKIT ASAMS NET PROFITS ABOVE RP 3T - THE JAKARTA GLOBE
State-owned coal company Perusahaan Tambang Batubara Bukit Asam expects its net income to increase about 50 percent this year on the back of rising ...
Tuesday, 21 June 11
COURT BATTLE PUTS MASSIVE COAL PROJECT IN JEOPARDY - KOREA JOONGANG DAILY
As Korean companies race to exploit Indonesia’s abundant natural resources, two companies have been locked in a court case that has become so ...
Tuesday, 21 June 11
DRY BULK MARKET TURNS RED AGAIN ON VESSEL OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk entered this week on a negative turn, with the industry’s benchmark the Baltic Dry Index (BDI) retreating by 0.35% to end the ses ...
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Showing 5216 to 5220 news of total 6871 |
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- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
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