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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, 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 Ro ...
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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- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- The University of Queensland
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
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