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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, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
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