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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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Tuesday, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
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