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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, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...
Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
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Showing 4566 to 4570 news of total 6871 |
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- Minerals Council of Australia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Planning Commission, India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
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