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Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
 Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the latter’s surge in mid March. Rates may be held up by the continued congestion in Australia. While BHP Billiton Mitsubishi announced this week the re-opening of a berth at its cyclone-damaged Hay Point coal terminal, it will be three to six weeks before full operations return and there are still more than 90 Panamaxes tied up in Australian ports. In the iron ore market, China announced an increase in monthly imports of 59m tons, up from 49m in February. With the price of ore still climbing, the momentum in the contract talks continues to work in the miners’ favour.
Macquarie Bank reported BHP had clinched a 100% increase in prices, settling at US$120.08 per tonne for Pilbara fines for the MarchJune period, and US$135 per ton for lump. Rio Tinto, formerly a defender of the yearly contract structure, also confirmed it was negotiating quarterly contracts.
Supra/Handy
The BSI rose 55 points to finish at 2,490 points last week, while the 6TC gained about US$600 to finish at US$ 26,040/day. The market was active in the Atlantic, and tonnage was particularly scarce in the Continent with scrap and fertilizer cargoes coming out regularly. The trend was less prominent in the Med/Black Sea although vessels willing to go east via Suez still obtained healthy rates out of the Black Sea (close to mid US$40,000s for a Supra). Grain and sugar is still pushing hard in ECSA. The market was short of Supramax vessels for prompt dates and a trip to the Continent was worth close to US$30,000 while trip out was fixed around US$35,000 per day for delivery WAF region. We also saw some activity with coal/Petcoke stems ex USG/NCSA.
In the Far East, Indian ore to China softened, but rates remained at levels in the low US$30,000s. On the smaller sizes, the Baltic Handysize index went up by 6 points to finish at 1355 points with the time charter routes gaining US$104 to reach US$19,733 daily. The Atlantic is much firmer than the Pacific and the TARV is worth US$22,000/day today, whereas the Pacific round voyage is worth US$17,000 daily. On the period front, we saw interest in both middle period (2/3 years) and short period. Recently built Tess 52 were getting fixed for 3/5 months trading delivery Far East at US$24,000 daily with worldwide redelivery.
Panamax
The Panamax market continued to strengthen on the week in both basins. A little bit more coal activity was evident in the Baltic, along with a steady flow of South American grain which pushed rates up further, and the transatlantic round voyage rate nudged up around US$2,000 on the week to reach close to US$33,000 towards the end part of the week. With still heavy congestion in East Australia, the Pacific recorded the largest gains with Pacific round voyages gaining near on US$3,000 on the week to reach US$31,500 by Friday. In the period market, a 3 year deal was concluded by a grain house for June worldwide delivery on a standard BPI type at US$20,000, while short period in the east hovered around the very high US$20,000s/US$30,000. Overall the BPI witnessed a gain of 244 points and the average of the four time charters rose US$1,963 on the week.
Capesize
More weakness in Cape markets this week with the BCI losing 13% to slip below 3,000 points. The four time charter average closed the week at US$25,115, the lowest level since last September and lower than both the Panamax and Supramax charter averages. TubaraoQingdao saw the biggest declines, although the West Australia-China trade held up rather better. While China’s ore imports remain strong, reaching 59m tons in March, congestion in the country’s ports has fallen significantly. The BCI fell 43 points on Monday.
Source: BRS Dry Bulk
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Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
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Showing 5871 to 5875 news of total 6871 |
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- CNBM International Corporation - China
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
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