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.
|
|
Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
Saturday, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which ha ...
Friday, 11 November 11
PETROCOM ENERGY PLANS $40M TO BUILD COAL PLANT IN CILEGON - JP
The Jakarta Post reported that, Hong Kong-based Petrocom Energy Ltd has unveiled plans to invest up to US$40 million on a proposed coal-blending fac ...
Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT ...
Thursday, 10 November 11
INDONESIAN REFERENCE COAL PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at U ...
|
|
|
Showing 4986 to 4990 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Australian Coal Association
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
|
| |
| |
|
