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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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Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
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- Borneo Indobara - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
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