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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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Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
Friday, 25 June 10
INDIAS THIRD-LARGEST SHIPPING COMPANY BAGS US$ 31 MILLION DEAL WITH SL
Daily Mirror reported that, Mainboard-listed and India-owned dry bulk shipping firm Mercator Lines says it has won a US$ 31 million contract in Sri ...
Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid ...
Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in sharehold ...
Thursday, 24 June 10
CHINA TARGETS 3.6 BILLION MT ANNUAL COAL OUTPUT FOR 2015
At a forum in Beijing entitled "Chinese energy strategy and energy development in the 12th five-year plan period (2011-2015)", He Youguo, ...
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- Latin American Coal - Colombia
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Planning Commission, India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Australian Coal Association
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
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