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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, 22 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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Showing 4491 to 4495 news of total 6871 |
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- PowerSource Philippines DevCo
- VISA Power Limited - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- The University of Queensland
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Australian Coal Association
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- India Bulls Power Limited - India
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