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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, 09 September 11
SUPRA BARA SECURES $20 MILLION LOAN - JP
The Jakarta Post reported that, Coal miner PT Supra Bara Energi says it has secured a US$20 million loan facility from BNP Paribas to buy heavy equi ...
Friday, 09 September 11
CAPESIZE CAN SECURE USD 17-18K SHORT PERIOD - FEARNBULK
Handy
The US Gulf has remained relatively steady, slightly more activity in the South Atlantic with owners aiming for low to mid USD 20k´s f ...
Thursday, 08 September 11
UKRAINES COAL PRODUCTION TO RISE 8% - IFANDP
Industrial fuels & power reported that, Ukraine will increase its coal output by about 8% this year compared to last year, said the country&rsqu ...
Thursday, 08 September 11
DRY BULK MARKETS RALLY COMES TO AN END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected by analysts and shipbrokers alike, the latest rally of the dry bulk market came to a halt yesterday, with the Baltic Dry Inde ...
Thursday, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
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- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
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