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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, 04 October 12
CAPESIZE : IN SPITE OF THE HOLIDAYS IN CHINA, RATES ARE CLIMBING UP - FEARNLEYS AS
Handy
Atlantic market remains quiet due to lack of cargoes and more supply of ships. Rates from Continent to east Med were around USD 13k and Black ...
Wednesday, 03 October 12
BARCLAYS'S PRICE FORECAST FOR NEWCASTLE COAL HAS BEEN WRITTEN DOWN
“ The main story in the global coal markets has been the growth in supply, with all of the major exporters adding volumes into a market which ...
Sunday, 30 September 12
SUB-BIT INDONESIA COAL SWAPS: MIXED TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 0.73 percent w-o-w but gained 0.41 percent d-o-d on Friday, 28 Se ...
Sunday, 30 September 12
INDONESIA HAS NO PLAN TO CAP COAL PRODUCTION
COALspot.com - “The current low coal prices were mainly due to a global oversupply condition, spurred by numerous mining exploitations in the ...
Sunday, 30 September 12
FREIGHT MARKET UNDER PRESSURE; OVERALL SENTIMENTS ARE STILL BEARISH
COALspot.com - The freight market seemed to have lost steam and all indices were down except for cape index.
The BDI was slightly down by 6 point ...
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- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
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