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Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
 A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points.
The Capes saw the greatest movement, sliding -6%, while the BPI fell 5%. The BSI was steady with a rise of 1.4%. However good cargo flow in the Atlantic pushed the Handysize index up 7.7% to reach 740 points. At $10,850, the Handy time charter average finished the week at its highest level since mid-June. In Russia, the government announced ambitious plans to spend nearly $600m on its grain ports, in order to increase capacity by as much as 67% over the next four years. The new investment is forecast to lift grain loading capacity to almost 42 million metric tons from 25 million tons this year. Spending would be focused on developing and adding terminals on the Baltic, Asov and Black Seas. One rail carrier estimated the improvements could increase the discount at which Russia can sell grain at international tender by $7 to $8 per ton.
Capesize
Declines that had perhaps been expected the previous week finally appeared this week, and the BCI lost 6% to finish at 3,136 points. The 4TC fell back to $26,601. In both runs this month, rates have risen to just under $29,000 before quickly retreating. A reduction in cargo movements was notable this week however, particularly towards end week as China began its holidays. With this in mind, we are unlikely to see any major improvements in the coming week. It was a volatile week in the FFA market, but the overall trend was also down with October and Q4 contracts both losing around $1400 w-o-w. Period rates have not softened much however, and short-period was fixing at around $19,000 per day, while two 206,000 tonners (ex yard February 2012) were reported fixed for between 44-50 months at $18,000 per day less 5% commission. As expected, the BCI fell again slightly on Monday.
Panamax
Both the Atlantic and Pacific basins became tighter last week. The Indian Ocean market become stronger too with fresh cargoes released after monsoon. In the Atlantic, available open tonnage dropped significantly over the last week and the TA round voyage reached almost $15,000. On a voyage basis, USEC to Continent was in the $15.50 pmt range while USG to Continent was in the low $20s pmt with a bullish outlook. Some charterers struggled to find the right candidates for trip from US Gulf/US east Coast to Continent. Ballasters expected from the east have not yet reached the area so open vessels in the zone have dropped by 60% in 15 days. Fronthaul rates remained relatively flat in the $22,500/$22,700 range. In the Pacific, open tonnage became tighter as well and dropped by 35% in 15 days. Rates seemed to have found a floor and hold relatively well, helped by the ballasters mentioned before. The Nopac round was around $10,500. Oversupply was absorbed by fresh cargoes put into the market by Chinese players before they went on holiday, which is a good reason to say that this week should be quiet.
Supramax/Handy
The week closed at $15,678 for the BSI (up from $15,460 a week ago) and $10,850 for the BHSI (up from $10,194) in a very quiet note on the eve of long holidays in Asia. To date, the 2011 average for the BSI stands at $14,305, against $22,467 for the whole of 2010. Still down by a solid 36%! Overall, rates remained firm though with the notable exception of Handies in the south Atlantic where the quasi absence of sugar stems put heavy pressure on owners, and India where the iron ore stems are far from covering the number of ships open there - whether in EC India or WC India. As a consequence, ships continued to leave in ballast in the direction of South Africa, and further east to South America. Fronthaul for Supras reached in excess of $22,000 ex west Africa and low $30,000s from USG. Meanwhile $27,450 has been fixed by the 52,000 dwt Stella Maris for a trip USG to the Med. Pacific rounds remained steady in the mid $13,000s.
Source: Barry Rogliano Salles
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Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
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- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
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