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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
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Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
Tuesday, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...
Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at ...
Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...
Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...
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- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- White Energy Company Limited
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Australian Coal Association
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Minerals Council of Australia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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