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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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Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
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- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Minerals Council of Australia
- Siam City Cement - Thailand
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