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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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Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
Saturday, 17 March 12
THE FREIGHT RATES FOR INDONESIA TO INDIA REMAINED FIRM - VISTAAR SINGAPORE
COALspot.com - The market continued to be firm and all segments were up except for Cape Index which was down by 2.46 pct closing at 1,466 points.
...
Saturday, 17 March 12
INDIAN GOVT FINALIZES DRAFT BILL FOR COAL REGULATOR - PTI
The coal sector would soon get a regulator as the government has finalised a draft bill for the purpose, Coal Minister Sriprakash Jaiswal said Wedne ...
Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres ...
Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits ...
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- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Economic Council, Georgia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Australian Coal Association
- Planning Commission, India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
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