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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$30,000/day.
Source: BRS
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Australian Coal Association
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- The University of Queensland
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- White Energy Company Limited
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
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