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Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
 A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax and Handysize markets declining for the third week running. Overall, the BDI ended at 1,835 points (+3% w-o-w), the BCI at 3,150 (+13%), the BPI at 1,761 (-4%), the BSI at 1,324 (-7%) and the BHI at 675 points (-7%). In the coal markets, China’s benchmark thermal coal prices fell for the first time in three months, as the country’s utility companies finished their autumn stockpiling. It is the first decline in the price since August. Stockpiles are currently at the high level of 71 million tons, with local commentators suggesting there will be no more major buying until early next year. This stockpiling, which saw Richards Bay coal exports rise nearly 50% in October compared to September, has supported the bulk market and the recent increase in rates.
Capesize
A strong week for the Capes with plenty of cargo requests in the Atlantic combined with a tight tonnage situation pushing rates up there. Activity by the mining companies in the Pacific saw even greater gains in that basin. The Baltic reported two iron ore cargoes covered on a voyage basis from the St Lawrence in the mid $30's per metric tonne, which equates to around $50,000 per day on a BCI type basis delivery Rotterdam. Overall Hedland-Qingdao saw the greatest gains, at +15% w-o-w, with $11.50 pmt reported. Fronthaul and Atlantic trades also saw gains around 6-8%. In the paper market, the Nov/Dec average peaked at $22,500 during the week, although there was a pullback in both the physical and paper markets by the end of the week, with Nov/ Dec ending at $20,979. Monday saw a 69 point fall in the BCI.
Panamax
It was another week of declines across the board with the Panamax 4TC closing at $14,079, coming off $603 w-o-w, which was not far off from the previous week’s decline. We saw a drop of $809 per day in the Atlantic w-o-w and $678 in the Pacific, whilst FH shed $657. There remained a clear lack of fresh cargoes for PAC, TA and FH with limited fixture activity throughout the week and a continued high level of open tonnage prevalent in both basins. However towards the end of the week we did see a reduction in open tonnage in the Atlantic, likely due to charterers covering stems or vessels being withdrawn from the market as a possible floor is found. The Indo/China trade was fixing in the $9 pmt range in a week that was interrupted briefly by holiday. The period market remained steady although relatively inactive with very few reported fixtures. 4-6 months ended the week at $14,000 per day levels whilst one year was closer to $13,500 levels.
Supramax/Handy
The Handy/Handymax market remains under pressure in the east where the abundance of prompt vessels and the lack of cargoes have been the main feature for the last 10 days. Not surprisingly Nopac round voyages are being fixed in the mid $7,000s levels. By the same token Indian iron ore exports are very slim leaving little alternatives for owners but to ballast towards South Africa and, further away, South America. As a consequence, south Atlantic does not have enough cargoes to absorb all these ballasters and transatlantic trips ex ECSA has gone from around $15,000 per day 3 weeks ago to around $12,000/13,000 today. The only hot spots for owners are the USG for Supramax and Black Sea for Handies where grains entail reasonable levels of $26 -27,000 ex USG to Med, and low/mid $30,000s for USG/Far East. Handies in the Med found secure homes giving returns in the mid teens.
Source : Barry Rogliano Salles
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Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
Friday, 18 November 11
MMTC SEEKS 1.365 MMT OF IMPORTED COAL
COALspot.com - India's MMTC, the largest trading company of India and a major trading company of Asia, has issued a term supply tender for 1.365Mt ...
Friday, 18 November 11
KPC, ARUTMIN OUTPUT REACHED 47.1 MIO TONS - INSIDER STORIES
PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, reported 47.1 million tons of coal production in 9M 2011, according to Indiser Stories.
Insi ...
Friday, 18 November 11
THE ATLANTIC SUPRAMAX MARKET EXPERIENCED A STEADY AND FIRM TENDENCY
Handy
The Atlantic Supramax market experienced a steady and firm tendency this week. Especially the North Atlantic and Mediterranean position ...
Friday, 18 November 11
BERAU COAL 9M PROFIT SOARS 194.46% - INSIDER STORIES
Insider Stories reported that, PT Berau Coal Energy Tbk (BRAU), which is 84.7% owned by Bumi Plc, reported a 194.46% jump in net profit by end of Se ...
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- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Minerals Council of Australia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- White Energy Company Limited
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Planning Commission, India
- Videocon Industries ltd - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
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