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Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
 There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 (+2.6%), the BPI 1,913 (+10.8%), BSI at 1,533 (+2.3%) and the BHI progressed to 774 points (+4.6%).
Capesize
A surprise jump in rates was recorded in the latter part of the week despite the week-long holidays in China. W-o-w the 4TC average rose nearly 5% to $27,876 per day. Rio Tinto was busy in the Pacific and a reported $11.35 was reached for one fixture for October loading, with around $10.70 proving to be the average for the week. South African coal proved another active area, while Atlantic tonnage was yet again tight, and again gains here showed the biggest increase. This activity resulted in a firming in the near-period FFA rates and Q4 finished with a near 13% gain compared to the previous week. The 4TC rose another $600 on Monday, with sentiment fairly positive for the week ahead.
Panamax
The Atlantic basin tightened over the week, with notable support emanating from the USG where enquiry remains healthy. Both TA and front haul rates improved notably (an increase of $1,341 on 1A and $1,683 on 2A indices between 30/09/11 - 07/10/11). The Pacific market also appeared tighter, in large part due to the holidays in Asia but also as a result of significant numbers of ballasters having sailed to the Atlantic in search of fresh business. Pacific rounds exhibited strong underlying support, with the 3A index rising by $2,281 over the week. Looking further forward however, there may be some expectation for additional tonnage from the East to weigh down on TA rates, although the market appears stable for the time being. There has also been a notable increase in the volume of open market tonnage in the Pacific at the beginning of the new week, suggesting that the recent upward trend may begin to stabilize a touch.
Supramax/Handy
The Baltic Supramax Index went up by 32 points to finish at 1,533 points last week, while the average of the time charter routes gained about $400 daily to finish at $16,000 per day.
The market remained steady with many players closed due to holidays and celebrations in the Far East. The market was active in the Atlantic however with scrap out of the Continent and more and more freshly added grain/sugar cargos ex-ECSA. Ballasters coming from the Pacific / Indian Ocean helped to balance the rates for the vessels suffering from fewer cargoes in India / Far East. On the other hand, more and more interest for Supramaxes on short / medium period helped to sustain the market.
On the smaller sizes, the Baltic Handysize index went up by 23 points to finish at 774 points with the time charter routes gaining $300 to reach $11,270 daily. The Atlantic and the Pacific levels are becoming quite balanced, and the TARV is worth $11,500/ day today, whereas the Pacific round voyage is valued $11,000 daily. On the period front, we saw interest on both middle period of 1 year and short period. A 57,000 dwt recently built vessel fixed for 12 months trading delivery Far East at $13,750 daily with worldwide redelivery, while short period reached levels close to $14/14,500 daily.
Source: Barry Rogliano Salles
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Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
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- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- VISA Power Limited - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
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