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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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Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
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- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
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