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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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Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Planning Commission, India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
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