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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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Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
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- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Australian Coal Association
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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