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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, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
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Showing 4811 to 4815 news of total 6871 |
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- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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