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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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Monday, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
COALspot.com - Indonesia's state electricity company PT Perusahaan Listrik Negara will no longer allow traders to become their suppliers, said, its ...
Saturday, 17 December 11
THE FREIGHT MARKET SEEMS TO HAVE ALMOST BOTTOMED OUT AND MAY REMAIN STEADY AT THESE LEVELS CAPT REDDY
COALspot.com - The BDI and Cape index closed lower this week with BDI closing at 1,888 points (down by 1.76 pct) and Cape index at 3,572 points (dow ...
Friday, 16 December 11
DRY BULK MARKET LOSES TRACK ON CAPESIZE LOSSES, SHIP FINANCING REMAINS TROUBLESOME - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn’t manage to sustain earlier gains, losing track yesterday, on reduced Capesize demand and persisting troubles in smal ...
Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees ...
Thursday, 15 December 11
PANAMAX HARDLY AFFECTED BY THE RECENT FIRMER TENDENCY FOR THE BIG SISTERS - FEARNBULK
Handy
The rates are more or less the same as last week. Continent/US Gulf fixing at tick below USD 10k and Gulf/Continent levels at USD 25k. Trips ...
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Showing 4926 to 4930 news of total 6871 |
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- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
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