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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, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
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