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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, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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Showing 5226 to 5230 news of total 6871 |
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- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- White Energy Company Limited
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- The University of Queensland
- Tata Chemicals Ltd - India
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