We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
|
|
|
Showing 4656 to 4660 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
|
| |
| |
|
