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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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Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
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- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
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