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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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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- PTC India Limited - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
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