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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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Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...
Tuesday, 27 September 11
INTRACO SEALS US$25.3 MIO ORDER - INSIDER STORIES
Insider Stories reported that, Heavy equipment distributor PT Intraco Penta Tbk (INTA) obtained a US$25.3 million order on hand of heavy equipments ...
Sunday, 25 September 11
THE CHARTER RATES FOR INDONESIA TO INDIA WAS FIRM - VISTAAR
COALspot.com - The freight market moved up sharply with the cape Index up by 11 pct pushing the BDI by almost 6 pct and closing at 1,920 point ...
Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those wi ...
Friday, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
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- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Bhatia International Limited - India
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