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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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Sunday, 09 June 13
IRON ORE DEMAND: WEAK; COAL MOVEMENT: STEADY TO INDIA AND CHINA - CAPT. REDDY
COALspot.com - The freight market was fairly steady with BDI up by 0.37 per cent closed at 812 points this week.
The Cape index was also ended in ...
Friday, 07 June 13
MEDITERRANEAN COAL MARKETS
Press Release: 3rd International Conference Mediterranean Coal Markets will be held on 16-17th of September 2013, Istanbul, Turkey, Ceylan Intercont ...
Friday, 07 June 13
US'S COAL PRODUCTION INCREASED BY 0.54 PER CENT THE WEEK ENDED JUNE 1
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.60 million short tons (mmst) of ...
Thursday, 06 June 13
WE ARE SEEING SOME FRESH INDO COAL TO CHINA AND INDIA - FEARNRESEARCH
Handy
In the Atlantic, the Gulf remains firm for the next week with a few orders in the market. The Supramaxes are seeing around low 20k for fronth ...
Wednesday, 05 June 13
DON'T AVOID PAYING COAL ROYALTY TO THE GOVERNMENT - INDONESIAN ENERGY MINISTER
COALspot.com – “Every country has the right to make policies to protect their national interests”, Energy and Mineral Resources Mi ...
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- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- PTC India Limited - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Australian Coal Association
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
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