We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
|
|
|
Showing 5676 to 5680 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
|
| |
| |
|
