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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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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
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Showing 5501 to 5505 news of total 6871 |
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- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- The Treasury - Australian Government
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
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