We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
 It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm however, so a big slide was not expected in the short term. In the coal market, South Africa’s Richards Bay terminal confirmed a sharp rise in Asian exports, which rose to 42% of total shipments in the first quarter of this year, up from 25% a year earlier – due mainly to Chinese and Indian demand. In Europe, Thyssenkrupp became the first European buyer to confirm it had agreed an iron ore price on a quarterly basis. In line with the Japanese contracts, it also reported a 100% price increase, back-dated to April 1. Meanwhile China confirmed steelmaker Pangang Group would be combined with Angang Steel and Benxi Iron and Steel. The merger will create the country’s largest steel group.
Supra/Handy
The Handy/Supramax markets stayed firm and stable in the Atlantic throughout the week, while in the Pacific basin the market was also healthy but with less activity and a softening tendency. Supramaxes from West Africa were fetching close to US$ 30,000 per day for trips via ECSA to Continent and closer to low US$ 40,000s for trips out to the East. The USG and ECUS also remained very firm with trips USG to the Med paying in the high US$ 40,000s, and above US$50,000 for trips out. Scrap cargoes from the Continent to the Med are paying Supramax units in the low US$ 30,000s TC equivalent.
The transatlantic round on Supramax was negociated in the low US$ 30,000s level towards the end of the week. Looking at the Pacific market now, India softened during the week with WC stems to China paying in the very low US$ 30,000s TC equivalent on large units and about the same levels from EC India. Supras for Richards Bay rounds back to India were paying in the mid/high US$ 20,000s and it is becoming difficult to persuade owners to finish trips in WC India with Monsoon kicking in.
Nopac and Aussie rounds saw larger units fixed in the low-mid US$ 20,000s, while Indonesia/India and Indo/China rounds were fixed closer to mid US$ 20,000s level depending on delivery point. There were few short period candidates in the Far East but large Supras are seeing close to mid US$ 20,000s levels.
Panamax
A continued slump in the market saw rates slip further on the week. The BPI fell 7% to finish the week at 3,757 points, while the four time charter average closed at US$ 30,239. The Atlantic lacked any fresh enquiry and although there was a clear-out of early tonnage, rates remain under pressure for now, although charterers with stems ex north Continent found tonnage a lot more positional. In the Pacific, the South American grain market continued to serve tonnage out east but again here rates had slipped to around US$ 28,000. The Australia and north Pacific round voyages too came off with less fresh enquiry and deals were being fixed at close to the US$ 30,000 mark. The longer term period market saw a 12 month deal concluded with delivery in the east for prompt dates at a steady US$ 28,000 level.
Capesize
An 8% leap in the four time charter average this week, with rates finishing the week at US$ 28,441. The rise was mainly achieved on the back of strong Atlantic rates where activity picked up noticeably. There was again little period business although a 177,000 dwt vessel ex yard in May was reported fixed at 2 years for US$ 31,500. The market will continue to watch what impact the new, higher commodity prices will have on demand. The BCI inched up 39 points on Monday, with some expectations of a further increase this week.
Source: BRS Dry Bulk
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
|
|
|
Showing 4996 to 5000 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
|
| |
| |
|
