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Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
 According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time charter average briefly went over the magic US$ 50,000/day mark, and market optimism was carried along by high prices in the FFA market plus strong trading on the Atlantic/Far East coal route. As South Africa entered a second week of strikes, the iron ore market was particularly badly hit with both Kumba (Anglo-American) and Xstrata declaring force majeure.
Suppliers have been able to cover demand with existing stocks but say the impact will be much more severe if the strike continues into a third week. In the steel markets, industry leaders warned prices would have to rise in reaction to the new quarterly ore price agreements, and steel could face new competition from aluminium and plastics. It comes at a time of recovering demand in many western markets. This week Germany reported a more than doubling in steel output to 3.88m tonnes for April compared to the same month last year.
Supramax/Handy
Despite holidays in various parts of the world, sentiment remained firm. Indian demand for Indonesian and Australian coal is still firm, as is nickel ore bound for China. This pushed rates to the high US$ 20,000s for Pacific employment and encouraged owners to ask in excess of US$ 30,000 for short period. That being said, ships open in India are now facing a shortage of ore due to the monsoon and have little alternative but to ballast across to south America where demand on the back of grain and sugar export is still strong. The north Atlantic saw high levels with Supramax asking in the mid US$ 40000s for trip from USG to Continent/ Med and mid US$ 50,000s for trip to the Far East. Handies are still in demand, particularly from the Continent with lots of grain, fertilizers and scrap stems.
Panamax
Overall, the Panamax market was stable in the Pacific and firm in the Atlantic. The TA round voyage closed the week at around US$ 39,000/day, up week-on-week from around US$ 35,000/day thanks to good coal activity out of the USG and grain out of ECSA. On the other side of the ocean the Indian market was quieter this week: WCI-China market is now paying low-mid US$ 30,000s and with the monsoon coming, the market should ease, freeing up some ballasters for the ECSA market. The market for this trade was paying over US$ 35,000 per day for trip to PG/Japan range via ECSA. The period market was active and takers were paying around US$ 32,000/day delivery north China for short period, and US$ 40,000 per day for delivery Atlantic redelivery worldwide.
Capesize
A strong week for the big ships, with the four time charter average breaching US$ 50,000 on Thursday, levels not seen since December 2009. Overall the BCI was up 10% and the 4TC 14%. Gains were partly spurred on by the FFA market, where an estimated 21,000-plus cleared trades were concluded, of which more than 40% were in the Cape market. Trading was heaviest for 2Q and 3Q, helping to push up rates in the physical market, although there was less optimism for later in the year. Rates eased on Friday and Monday although tonnage is still tight in the Atlantic and there is more activity expected from the mining companies this week. Four to six month fixtures were being signed in the low $ 40,000s.
Source: BRS Dry Bulk
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Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
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Showing 5016 to 5020 news of total 6871 |
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- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
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