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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 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
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- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Planning Commission, India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
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