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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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Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
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- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- The University of Queensland
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
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