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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, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
Monday, 11 February 13
NEWCASTLE PORT SHIPPED 23.01 PERCENT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,967,761 MT of thermal and coking coal for week ended 0700 hours 11 February 2013, Newc ...
Sunday, 10 February 13
INDONESIA SUB-BIT SWAPS: "UP" - CFR SOUTH CHINA SWAPS: "DOWN"
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.72 percent W-O-W and CFR South China coal shipme ...
Sunday, 10 February 13
DRY BULK OVERSUPPLY OF TONNAGE SEEN WANING IN THE COMING MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It seems that the tide could be shifting in the dry bulk market, in terms of tonnage oversupply, according to the latest data figures. This could ex ...
Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY
COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.
The BDI was slightly down by 0.27 pct ad ...
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Showing 4386 to 4390 news of total 6871 |
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- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
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