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Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
 Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losing 8% to 1,764. There was little change for the smaller sizes, with the Supras flat at 1,322 and the Handysizes coming off slightly by 1.5% to fall to 721. In the steel markets, markets recorded a drop in global crude steel production in May of 1%, the first fall in three months. Declines in China were the main driver, and production is expected to slow further in the third quarter due to the country’s energy shortages. However with an annualized production rate of around 710m tonnes, output still remains significantly higher than last year’s 626m tonnes. Meanwhile in Europe, it was confirmed European buyers are now maintaining lower inventories in the wake of the financial crisis. Prior to 2007, inventory volumes were typically equivalent to 90 days of sales, but have now fallen closer to 60 days.
Capesize
A busy period in the Atlantic and Australia saw a second week of rate rises for the Capes: the BCI rose 8% to 1,974 points, while the 4TC rose to US$11,571 by week end. This 8% increase was replicated on both the Atlantic routes and Pacific and Bolivar-East Med rose to $13.50, while Hedland-Qingdao rose to $8.45. It was much quieter out of Brazil and rates rose more modestly there to around $20.50. In the FFA market, paper rates also rose with the physical market and by Friday close, Q3 and Q4 were trading at $10,808 and $11,808 respectively.
Panamax
The Panamax 4TC average went down by US$1,200/day closing the week at US$14,125/day underlying a quietness in all basins. East of Suez, the Indian ocean was still impacted by the monsoon and kept quiet and flat: Panamax out of WCi to China were paying $ 12/12.5 pmt. The Iron ore price market decreased this week on the back of a seasonal quiet Q3 and on very important iron ore stock pile at main Chinese ports. The nopac route went down by more than US$ 2,000/day with ships getting fixed at US$11,500/day. In the Atlantic, the tightness of tonnage was still supporting the market and we notices a drop of only US$1,000/day Friday to Friday. The USG was still active on coal export and the ECSA with grain mainly for trip out, paying still healthy number (mid 20’s + 550bb). On the period front the market was very quiet. The short period round for a LME dely Nchina redel WW was paying low 14’s pday.
Supramax/Handy
The Baltic Supramax Index went up by only 1 point to finish at 1,320 points last week, while the average of the time charter routes stayed steady to finish at US$13,800 per day. The market was active in both Atlantic and Pacific basins. In the Atlantic, Supramax tct from the USG to skaw/passero was getting fixed in the high US$20,000 daily delivery USG. Grain and sugar were still pushing hard in ecsa. Supramax were fixed for trip out at rate in the very low US$20,000’s daily dely Wafr region. TARV was showing rates in the high teens. In the Pacific, rates remained flat in the Far East/sS.E.Asia region, where levels are standing in betwteen US$8 and 10,000’s daily. Vessel s were getting fixed in the low teens on t/c basis Indonesia to India. One can see a general trend on vessels opening in India with owners still preferring to fix rbct coal and ECSA business back to the far east. On the smaller sizes, the Baltic Handysize index went down by 15 points to finish at 719 points with the time charter routes losing US$200 to reach US$10,700 daily. The Atlantic is firmer than the Pacific and the TARV is worth US$12,000/day today, whereas the Pacific round voyage is worth US$9/10,000 daily. On the period front, a large 57k dwt recently built fixed for 3/5 months trading delivery feast at US$13,500 daily with worldwide redelivery.
Source: BARRY ROGLIANO SALLES
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Wednesday, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
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Showing 5186 to 5190 news of total 6871 |
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- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
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