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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, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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Showing 6001 to 6005 news of total 6871 |
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- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Australian Coal Association
- PTC India Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
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