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.
|
|
Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
|
|
|
Showing 5866 to 5870 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
|
| |
| |
|
