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Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
 There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the heavy losses suffered in early February.
The time charter averages for these segments have now returned to the relatively robust levels of around US$24,000/ day per day for the Supras and US$16,500/ day for the Handies. In the wider dry bulk market, there was a notable increase in corporate activity, some of which would have been unimaginable a year ago.
Capesize
Capesize markets bucked the wider trend this week and the four time charter average lost 14% to settle around US$28,400. After a strong week in the Panamax sector, the market also saw the BCI slip below the BPI. A surplus of tonnage in the Pacific saw demand from the mining groups swallowed up with little positive impact on rates, while the Atlantic remained quiet. FFA rates for second-quarter 2010 also declined from last week’s US$35,000 to around US$30,000/day. With so much tonnage available, there was little expectation of a big increase going forward and the index dropped slightly on Monday.
Panamax
The Panamax market bucked the trend of the falling Cape market and saw small gains during the course of the week. There was not much in way of large increases in cargo volumes in the Atlantic but here owners were reluctant to send vessels east on the front haul route and this in turn pushed levels up over the US$40,000 mark. The Transatlantic rounds were concluded at improved US$26/27,000 levels. In the Pacific, rates also picked up as ships open in the east were picked off to load predominantly grain business ex east coast south America, which in turn pulled the local shorter Pacific trips up in price to around the mid US$20,000s, depending on delivery and what kind of round voyage. A few short period deals were concluded with rates being agreed at around US$27/28,000 for Pacific delivery and the mid US$30,000s in the Atlantic. It is difficult to see the market sustaining this trend without evidence of some fresh enquiry in both basins.
Supra/Handy
The Baltic Supramax Index went up by 185 points to finish at 2,228 points last week, while the average of the time charter routes gained about US$1,940 to finish at US$23,927 per day. The market was active in the Atlantic, and there was particular pressure on tonnage in the southern part of the basin. We saw some activity with grain and sugar ex ECSA. The USG was steady and firming by the end of the week with vessels being fixed close to US$40,000 daily for trip to Continent. In the smaller sizes, the Baltic Handy size Index went up by 86 points to finish at 1,153 points while the time charter routes gained US$1,267 to reach US$16,872 per day. The Atlantic was much firmer than the Pacific and the TARV is worth US$19,000/day today, whereas the Pacific round voyage is worth US$15,000/day. A Handysize for trip out was evaluated in the region of US$25,000 last week. In the Pacific, the week started with firm numbers, with Nopac fixing in the high teens/low twenties for North China deliveries.
The Far East also picked up for Indonesian rounds in the mid-high teens for north China and mid-high teens for south China deliveries.
India was again the winner in the East, with Supramaxes fixing close to US$40,000/day from the west coast, and mid US$30,000s from the east for non-Haldia positions to China. Vessels in Haldia were getting a healthy mid-high US$30,000s.
There was a little period interest in the market with most charterers looking to pay low US$20,000s, while owners were targeting mid US$20,000s. Supramax were getting fixed for short period at US$25,000 daily with Far East delivery, while Atlantic delivery was getting US$30,000/day.
Source: BRS
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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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Showing 5926 to 5930 news of total 6871 |
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- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Economic Council, Georgia
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
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