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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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Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
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- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- The University of Queensland
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
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