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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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Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Thursday, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to incre ...
Wednesday, 08 June 11
BAYAN TO DISTRIBUTE RP. 80 ( APPROX. US$ 0.00939850) PER SHARE DIVIDEND
Coal miner PT Bayan Resources Tbk (BYAN), that is controlled by business Dato' Low Tuck Kwong, will distribute Rp80 a share dividend or Rp266.7 bil ...
Wednesday, 08 June 11
CBM PRODUCTION FROM AUSTRALIA, CHINA, INDIA, AND INDONESIA IS EXPECTED TO WITNESS A SIGNIFICANT INCREASE BY 2015
Press Release - According to Global Data (December 2010), CBM production in Australia, China, India, and Indonesia is expected to witness a signific ...
Sunday, 05 June 11
COAL IMPORTS BY CHINA IS LIKELY TO INCREASE - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week except for the BDI and Cape index was up, but even in these sectors the momentum was compared t ...
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Showing 5236 to 5240 news of total 6871 |
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- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
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