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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 $14,000 for 2 year period, still on Supras.
Source: Barry Rogliano Salles
About BARRY ROGLIANO SALLES (BRS)
BARRY ROGLIANO SALLES (BRS) was founded in 1856 and is 150 years later among the top international shipbroking companies. BRS was a family owned company until a management buy-out by senior brokers in 1988. Today it is managed by some thirty associates, who are all working partners, guaranteeing its independence.
In its role as a broker, BRS can act on behalf of its clients and, in their name, negotiate any commercial shipping transaction and associated contracts: newbuilding contracts, second-hand sale and purchase transactions, charter-parties or contracts of affreightment over any time span for all types of ships and floating vessels.
BRS offers a wide variety of services: market research and studies, specific analyses and market recommendations, offer analyses, ship valuations, ship registrations, studies of fleet structures, feasibility studies, and offers assistance in the contracting process.
The number of foreign BRS clients is evidence of the international character of its activity. BRS is a service driven company and as such depends on its capacity to satisfy its clients, relying on the quality and skills of its personnel. Their professional qualifications illustrate the diversity of their backgrounds: legal, financial, commercial and engineering experts work along with naval architects, and, of course, officers…
BRS is member of the Baltic, Bimco, FFBA, French Cluster and other trade organizations that promote shipping services and a founder member of the Paris Shipping Forum
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Saturday, 17 September 11
GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE FOR US$ 1.26 BILLION
COALspot.com - GVK group, India’s leading infrastructure developer,confirmed arrangements for the acquisition of a strategic part of large, hi ...
Saturday, 17 September 11
INDIA'S GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE PROJECTS IN AUSTRALIA
COALspot.com - GVK group, India’s leading infrastructure developer, today confirmed arrangements for the acquisition of a strategic part of la ...
Friday, 16 September 11
DELTA DUNIA MAKMUR REMOVED 30.9 MILLION BCM OVERBURDEN IN AUGUST 2011
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 30.9 million bcm (+13.2% YoY) overburden in August 2011 while coal production was at 2.9 ...
Thursday, 15 September 11
RUSSIAN COAL EXPORTS UP 10.9% IN JAN-AUG TO 71.50 MILLION TONS - PORT NEWS / HELLENIC SHIPPING
Port News reported that, Coal exports from Russia in January-August 2011 grew by 10.9% compared with the same period last year, to 71.50 million ton ...
Thursday, 15 September 11
INDIAN GOVT PLANS TO DEVELOP 9 NEW MAJOR PORTS BY 2016 - INVEST MONEY / HELLENIC SHIPPING
The government has announced to make a investment of more than Rs 22,000 crore (approximately US$ 4,623,791,331) to develop nine new major ...
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- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Australian Coal Association
- CNBM International Corporation - China
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
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