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Tuesday, 27 September 11
A STRONG REBOUND FOR THE CAPE MARKET - BRS
 A strong rebound for the Cape market, as cargoes continued to flow into the market and tonnage remained tight in the Atlantic, according to Barry Rogliano Salles, an independent broker in the international market.
Barry Rogliano Salles said in its weekly news letter, overall, a near 11% increase took the BCI to 3,335 points. The Panamax market went in the other direction, reversing the previous week’s gains and posting a 6% decline to 1,641 points. The smaller sizes showed minor gains, with the BSI at 1,479 points (+2.3%) and the BHI at 687 points (+1.5%). There was growing uncertainty in the coal markets, with US producer Alpha Natural Resources reporting it had revised down its planned 2011 coking coal shipments by 12%, citing in part reduced Asian demand. US exports have grown over the past two years on the back of Asian buying, but may now be seeing a contraction.
Capesize
It was a slow start to the week for the Capes, and initially it appeared the previous week’s declines would be repeated. But from Tuesday, the steady flow of cargos from the mining companies saw rates turn a corner, and with plenty of fixtures the market saw gains for the rest of the week, including a sharp rise at the end. Overall the BCI rose 11% to 3,335 points, while the 4TC leapt 17% to $28,888. Meanwhile a short period deal was rumoured done at $20,500 per day. The change in sentiment also affected the paper market, with Q4 rising 7.5% to $19,338. Monday saw another small gain in the index and 4TC, although the week ahead was expected to flatten out somewhat.
Panamax
It was a downward trend for the Panamax market as a whole as the 4TC came off $872 w-o-w with the main impetus coming from the over-tonnaged Pacific which fell away by $2,630 as 3A ended the week at $11,333 per day.
The backhaul also experienced a negative movement dropping $911 w-o-w whereas the TA and FH remained relatively unchanged. However we were yet to see the effects of ships ballasting from the Pacific and how this balances against increased USG cargoes. TA ended the week fixing around $14,000 levels and FH $24,500 levels. There has been little movement on the short period front with numbers still around $14,500 per day, similar to the previous week.
Supramax/Handy
The market was pretty active in the Continent, Black Sea, Indo and China. The US Gulf saw better rates on the Supras going to the Far East than to the Med and Continent.
Supras saw healthy numbers from the US Gulf at around $31,000 per day for trips to the Far East and about $26,000 for trips to the Eastern Med. We also saw very healthy rates in the Far East with Indo/China trips going for about $16,500 per day pro and about $15,500 for Indo/India voyages. China/India rates were also striking with Supras going at about $17,000 for such trips. The ECSA and Continent market was not that active on the Supras. The Handies also saw a flourishing marketing in the Black Sea where Handymax vessels went at about $21,000 for trips to SE Asia, while US Gulf/Med trips went at about $25,000 pd pro.
Smaller Handies saw rates such as $23,000 for trips out of Continent to India and about $14,000 for Continent /West Africa voyages. The quantity of grain cargoes in the Continent and Black Sea played a major part to increase the rates we noticed in the market. China/India voyages went for about $12,500 pd pro. We saw lower numbers such as $6,000 pd pro for Handymax for backhaul trips. We saw a few fixtures in the market with Supras going at about $15,000 for 3-5 months period and about $14,500 for 4-6 months period. For longer periods we saw about $13,000 for 1 year period and $14,000 for 2 year period, still on Supras.
Source: Barry Rogliano Salles
About BARRY ROGLIANO SALLES (BRS)
BARRY ROGLIANO SALLES (BRS) was founded in 1856 and is 150 years later among the top international shipbroking companies. BRS was a family owned company until a management buy-out by senior brokers in 1988. Today it is managed by some thirty associates, who are all working partners, guaranteeing its independence.
In its role as a broker, BRS can act on behalf of its clients and, in their name, negotiate any commercial shipping transaction and associated contracts: newbuilding contracts, second-hand sale and purchase transactions, charter-parties or contracts of affreightment over any time span for all types of ships and floating vessels.
BRS offers a wide variety of services: market research and studies, specific analyses and market recommendations, offer analyses, ship valuations, ship registrations, studies of fleet structures, feasibility studies, and offers assistance in the contracting process.
The number of foreign BRS clients is evidence of the international character of its activity. BRS is a service driven company and as such depends on its capacity to satisfy its clients, relying on the quality and skills of its personnel. Their professional qualifications illustrate the diversity of their backgrounds: legal, financial, commercial and engineering experts work along with naval architects, and, of course, officers…
BRS is member of the Baltic, Bimco, FFBA, French Cluster and other trade organizations that promote shipping services and a founder member of the Paris Shipping Forum
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Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
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- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
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