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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 was continued optimism in the coal markets with China expected to be a net importer again in 2010.
Rising ore prices continue to put pressure on buyers to find new suppliers and China’s largest metals trader Minmetals Corporation confirmed it had started due diligence on several iron ore projects in Mauritania. Senegal also reported it will offer China 3.5bn tons of iron ore reserves with iron content of 63%. On the supply side, vessel deliveries continue to climb, with approximately 80 Capes, 25 Panamaxes, 75 Supramaxes and 60 Handysizes delivered so far this year. Interestingly the pace of delivery has accelerated significantly for the Capes and Handysizes, but remains modest for the Panamaxes where deliveries this year are just 15% higher than the last six weeks of 2009, helping keep Panamax rates firm.
Supra/Handy
The Supramax Atlantic market has been relatively busy throughout the week. The USG basin firmed up with some fresh requirement and only a few ships available, pushing the USG/Cont route over US$ 43,000 per day (more than a US$ 3,000 w-o-w increase). Scrap stems keep the Cont busy. ECSA market was steady as well and grain traders had to pay a good premium for April loaders. However with fewer iron ore exports out of WC India, ships are now ballasting toward ECSA. The Handy Atlantic market also rose, especially the ECSA/Cont route which gained more than US$ 1,500/day to finish the week just below US$ 31,000/day. In the Pacific, the Supra market was still softening. The ECI/China route lost almost US$ 3,000 per day and closed Friday at about US$ 28,500.
The Indo/China and Nopac routes improved in the middle of the week but lost all gains Thursday and Friday to close the week at very close to US$ 23,000. Short period market is now worth around US$ 25,000/day for TESS 52 delivery N China.
The Handyside market was firm and gained US$ 500 per day thanks to a good coal activity out of Indonesia.
Panamax
The Panamax market witnessed a small increase on the week, with the BPI rising 82 points and the average of the 4 timecharter routes gaining US$ 673 overall. However, rates in the Atlantic appeared a little ‘toppy’ towards the end part of the week with little fresh enquiry to report and limited activity in general, while the Pacific was still being largely held up and supported by the continued east coast south American grain exports.
This saw levels holding steady in the low-mid US$ 30,000s region for vessels delivering in the Far East. Short period rates in the east remained steady at around the US$ 32,000 level despite a lack of activity on the period front.
Capesize
A flat week for the Capes with only the Brazil/China run showing any real improvement. Freight rates on this route were up to around US$ 24.50 by the end of the week, but Australia-China showed no perceptible change. Overall the BCI recorded a slight gain of 3% to reach 3,071 points, while the four time charter average finished at US$ 26,250. FFA rates meanwhile dipped slightly for 2010 trading, although there was a small improvement in 2011 prices, and the physical market also saw the return of some period business, and a 171,800 deadweight vessel was reported booked at US$ 32,000 for one year. There was little clear direction in the market however, and rates came off again slightly on Monday.
Source: BRS Dry Bulk
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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Sical Logistics Limited - India
- VISA Power Limited - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
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