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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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Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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 ...
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- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
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