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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, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...
Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
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- VISA Power Limited - India
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- The University of Queensland
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Medco Energi Mining Internasional
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