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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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Tuesday, 04 June 13
NEWCASTLE PORT SHIPPED 2.56 MILLION TONS OF COAL IN A WEEK
COALspot.com - Newcastle port in Australia has loaded 2,563,596 tons of coal for week ended 0700 hours 3 June 2013, Newcastle Port Corp. said ...
Tuesday, 04 June 13
WOOD MACKENZIE SAYS THE CHINA'S THERMAL COAL DEMAND WILL REACH NEARLY 7BTPA BY 2030
COALspot.com - The Illusion of Peak Coal' says that despite efforts to limit coal consumption and seek alternative fuel options, China's strong ap ...
Saturday, 01 June 13
COAL PRICES STRUGGLE TO FIRM UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.18 percent week on week and 0.03 percent ...
Saturday, 01 June 13
THE FREIGHT MARKET FOR S7 AND S8 SECTORS ARE EXPECTED TO BE SOFT - VISTAAR
COALspot.com – The freights are remains weak week ended 31 May 2013, as BDI fell 2.05 pct and closed at 809 points on 31 May 2013.
The Cape ...
Friday, 31 May 13
US PRODUCED 18.5 MILLION SHORT TONS OF COAL W/E 25 MAY 2013
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 18.50 million short tons (mmst) of ...
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- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
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