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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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Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) ...
Friday, 29 April 11
CHINA'S IMPORTS 27 PERCENT LESS COAL IN Q1 2011 - ICAP SHIPPING
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the rea ...
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- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
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