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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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Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
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Showing 5251 to 5255 news of total 6871 |
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- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Australian Coal Association
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
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