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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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Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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Showing 5626 to 5630 news of total 6871 |
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- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- White Energy Company Limited
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
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