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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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Monday, 20 August 12
CHINESE COAL SWAPS RISE, INDONESIAN COAL CONTRACTS SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost -2.05 percent W-o-W on Friday (17 August 2012) closing but gained ...
Saturday, 18 August 12
BULK FREIGHT MARKETS CONTINUED THEIR DECLINE IN LINE WITH WEAK DEMAND - VISTAAR
COALspot.com - This week also the indices fell on all segments with BDI touching lowest in almost 3 years.
The BDI closed at 714 points down by 7 ...
Thursday, 16 August 12
PUBLIC PRIVATE PARTNERSHIPS CONFERENCE 2012
Press Release - Asia’s Premier Public Private Partnerships Conference 2012 will showcase commercial opportunities for investors and developers ...
Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal mark ...
Tuesday, 14 August 12
SAKARI ENTERED INTO JV IN CAMBODIA TO EXPLORE COAL OPPORTUNITIES
COALspot.com - Sakari joints hands with The Royal Group of Companies in Cambodia to explore and develop coal opportunities throughout the country.
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- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Planning Commission, India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
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