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.
|
|
Monday, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dr ...
Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...
Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...
Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbun ...
Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...
|
|
|
Showing 4906 to 4910 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Carbofer General Trading SA - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
|
| |
| |
|
