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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, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
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- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Latin American Coal - Colombia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
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