We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
 The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (BDI) from late 2008 and until today. Yesterday, the industry’s index was almost stagnant, falling by a marginal 10 points at 2,981, with the panamax and supramax sectors posting small gains, while the larger capesize vessels losing some ground.
The latest weekly report from Paris-based shipbrokers Barry Rogliano Salles (BRS) said that rates came under pressure last week, with all segments posting declines except the capsizes. “Overall the BDI logged a 3% drop, despite a 5% increase in Cape rates” said the broker.
Of course, the past week’s news were all about the outcome of the iron ore negotiations, where both participating sides turning up the heat. “China’s Iron and Steel Association called on its members to impose a two-month boycott of the three major miners in protest at steep price rises. CISA said stockpiles were sufficient to keep the mills supplied for this time, although opinion was divided whether CISA’s 120 members, accounting for 90% of China’s steel output, could be persuaded to comply. Members may fear a repeat of last year, when they refused prices agreed by the Japanese only to see spot levels continue to climb.
Meanwhile Vale stated it had signed new quarterly contract deals with the vast majority of its clients, equivalent to 90% of sales volumes under contract. It is not clear how many Chinese buyers are included in this total, however. More than three-quarters of Vale’s sales to China were made on a spot basis in 2009. However the Brazilian miner did say it expected to sell 45% of its volumes to China on the spot market in the current year” said BRS.
On the capesize front, it was a stronger week, although for the most part gains were only evident on the Tubarao - China, and Richards Bay - China routes where rates jumped between 7%-13% between Monday and Thursday. Rates hardly moved in the Atlantic, where there was little fixing. Sentiment still seems relatively positive for the short term, with both period charters and forward rates above spot prices. Third quarter FFA rates are currently trading at US$32,570/day. Overall the four time charter finished at US$30,641/day on April 1 ahead of the Easter holiday. However at the resumption of business on Tuesday it fell back to US$29,919, while the BCI fell 52 points to 3,377 points.
Meanwhile, on the Panamax front and particularly in the Pacific, cargo enquiry, especially for Indonesian coal, returned again, after an almost two-week break. “Time charter levels are now above $28,000 per day for a modern Panamax delivery. At the same time, we have also seen many vessels open for prompt dates, especially older vessels without RightShip approval. Some iron ore traders are still active, especially on WCI and PG: older Panamaxes open WCI were fixing at US$28,000/day back to China for dates at the end of April, and at least US$37,000 daily for a modern Panamax open PG prompt. Some vessels open Singapore or south east Asia are still opting for ECSA grain, with modern Panamaxes pushing for over US$33,000 per day and older vessels for mid/high US$20,000s” said BRS.
As for the smaller supramax/handy vessel types, rates were declining across the board last week, with the supramax time charter average ending the week at $25,188, compared to $28,829 in the previous week. As for the handy market it stood at $19,781 versus $21,434 a week earlier. “The underlying sentiment remains firm, however, with still a fairly large amount of iron ore to move out of India, coal out of Indonesia and grains out of ECSA. This being said, open positions remain plentiful though not always exactly where they are needed. The immediate effect has been that charterers have become more picky when it comes to short period tonnage, with positioning becoming of dramatic importance” concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
|
|
|
Showing 5851 to 5855 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- The University of Queensland
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
|
| |
| |
|
