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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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Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
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- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- PTC India Limited - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
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