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Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
 A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge in the BCI to 2,220 points. The BCI has traded over 2,000 points for only 17 days this year. In the smaller sizes, there was less change, with the BPI and BSI rising 6% to 1,609 and 1,338 respectively. Finally the Handies saw marginal change, rising just 6 points to 648. An item in the Indian press reported that Coal India had overtaken oil and gas group Reliance Industries as the country’s most valued company. According to the recently published BP Statistical Review of World Energy, coal represented 53% of India’s fuel consumption in 2010, while oil and gas together represented just 40%. Analysts confirmed as long as India continued to grow so would coal demand, with the government saying consumption could triple in the next two decades to 2bn tonnes.
Capesize
An increase in cargos and a lack of available tonnage combined to push Capesize rates up sharply this week, with the 4TC reaching $15,136, a rise of over 40%. Atlantic and fronthaul trades both showed double digit gains, with BrazilChina exceeding $23 per ton by the close of the week. The Pacific was the only ‘loser’ with rates rising only 9% to close at just under $9 per tonne. All indices rose again on Monday, indicating there is faith in a further strengthening in rates, on the back of expected fresh cargos. In the FFA market, rates moved up by 6% for Cal 2012 to just over $13,000 per day but the biggest increase was shown for September trading which finished the week at over $15,000 per day.
Panamax
Last week the Panamax market remained quiet and almost flat with very little fresh activity reported. However, freight rates kept rising slowly, following the Cape trend. The spot index posted a shy US$500 gain over the week with the Pacific basin recording the higher rise (P3A +US$870/day). Meanwhile, open tonnage stayed unchanged in the Atlantic but built up in the Pacific so the picture for the coming days is still unclear. The Transatlantic round voyage was traded in the $14,000/$14,500 range at the beginning of last week in a very quiet market due to major Orthodox/Catholic bank holiday. Positive sentiment was shared among players after this slow start, pulled by a booming Cape market. That said, as oversupply has absorbed every single fresh cargo over the last weeks, this slight recovery is not seen as a sustainable one. Fronthaul market was almost muted in the first part of the week but showed some colours finally, with an Aughinish to Far East fixture via US Gulf done in the mid $20,000. In the Pacific, tonnage was tight early on then picked up again in a rising market. Market was active with a fair number of fresh cargoes out of Indonesia. Indonesia round voyage was trading at around $9,000/$9,500 at the beginning of the week and broke $10,000 Friday. Short period also rose by about $1,000 with much interest from charterers bidding $12,000 for 4-6 months. One could say that the next market direction is still unclear as open tonnage is rising while the index was doing the same, along with the FFA market. It is the same story today with freight rates (physical and paper) pushing while open tonnage keeps building up. These contradictions cannot last forever…
Supramax/Handy
The Baltic Supramax went up 113 points to finish at 1,338 last week, while the average of the time charter routes gained $870 to finish at $13,989 per day. Far East was very active with Supras fixing Aussie round delivery China at $13,000 per day. In the Atlantic, USG to Med with pet coke has been fixed at $27,250 daily, while trip to Far East were fixed close to $30,000 daily. The activity was supported in the Far East by interest in short period redelivery worldwide around $14,500 daily. In the smaller sizes the handy Baltic Index went up to 6 points to finish at 648 with the time charter route gaining $97 per day to finish at $9,552. Far East mainly drove the increase of the Baltic index with several vessels fixed close to $11,000 daily for Aussie round. Compared to last week the Atlantic basin remained firm with Handysizes rating at $15,000 from ECSA to Cont, while USG remained quiet. Activity in the Atlantic was also sustained in the Atlantic with more cargo out of the Black Sea.
Source: Barry Rogliano Salles
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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Australian Coal Association
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
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