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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, 06 September 11
SEMEN GRESIK TO ACQUIRE COAL MINE FOR RP. 1 TRILLION
COALspot.com - PT Semen Gresik Tbk (SMGR) is planning to acquire a low calorific value coal concession (IUP). According to Semen Gresik, the coal mi ...
Tuesday, 06 September 11
DRY BULK MARKETS RALLY POWERS THROUGH TO NEW WEEK, BUT A CORRECTION COULD BE OVERDUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s freights rates kept leaping forwards during the beginning of the week, with the industry’s benchmark, the Baltic D ...
Monday, 05 September 11
TNPL POSTPONES BID OPENING UNTIL 12 SEPTEMBER 2011
COALspot.com - TNPL has postponed submission of the offer until 12 September 2011 on request from the supplier, an Indian trader said.
Due to Ram ...
Monday, 05 September 11
INDONESIAN COAL BENCHMARK PRICE - ANALYSIS
Analyst : Sunil K Kumbhat
COALspot.com - As a part of the Government’s efforts to stop transfer pricing abuses which have resulted in the los ...
Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
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- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Parliament of New Zealand
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
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