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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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Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
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- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- The University of Queensland
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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