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Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
 A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day however, and average rates this year are still higher than in 2005 and 2006. Continued strength in coal demand is underpinning this market. This week Deutsche Bank predicted thermal coal would be the next booming cargo for Australia. Simultaneously Russia reported a tenfold growth in coal exports to China in 1Q 2010. Tight coal markets may be further affected by conditions in Indonesia where a combination of growing domestic demand and new environmental limitations could curb exports. According to a government spokesman, domestic coal demand could double in the next five years as the country adds new powergenerating capacity.
Supramax/Handy
The market softened at a steady pace in both basins, although Handies in South East Asia and the Far East showed more resistance. There were fewer and fewer requirements coming out of ECSA for the larger stems. Supramax units open South Africa managed to get close to midUS$30,000s from West Africa to the Far East via Brazil, and about US$26-27,000 for trip ending Continent/Med via ECSA. Handymaxes got in the low/very low US$20,000s for South Africa to Continent direct. Large units open USG took also a hit, which deteriorated after force majeure was declared at Jose terminal due to a belt breakdown. Nevertheless, tct from USG to Continent/Med paid in excess of US$50,000 at the start of the week and then below US$50,000 end of the week. The transatlantic rv was in the low/mid US$30,000s for Supras. In the Continent and Med, some Handymax scrap cargoes were fixed from ARA to east Med in the mid US$30,000s on time charter equivalent. In the Pacific, India rates kept softening and iron ore stems paid in the low US$20,000s from WCI to China. Indo to India paid in the mid US$20,000s for Supras while the Pacific rv was in the low US$20,000s. There was little to report on the period front, but for deliveries in the east levels were in the mid US$20,000s for up to 6 months on Supras, and low US$30,000s for 4/6 months for Supras in the Atlantic.
Panamax
The Panamax market maintained a downward trend in both basins, falling at a steady pace. The Transatlantic rv lost US$3,500 to close the week at about US$37,000/day delivery Gibraltar redelivery Cont, and the NOPAC rv lost over US$3,000, closing the week at about US$26,500/day. The main reason was the lack of activity in the USG/USEC and a quiet ECSA market which took advantage of an oversupply of ships in SE Asia and India with Tess 74 getting fixed at below US$30,000/day delivery Singapore for trip via ECSA with redelivery PG/Japan range. Period activity was quiet this week with very few fixtures reported. Tess 74 were fixed for short period delivery Atlantic at around US$37,500/day redelivery Atlantic, and US$27,000/day delivery North China redelivery worldwide . Both basins were down US$5,000 from 2/3 weeks ago.
Capesize
There was a strong start to the week for the Capes with some of the previous week’s gains in the Atlantic transferring over to the Pacific. At its peak, Australia – China was being done at over US$14. Conditions were still relatively tight in the Atlantic and the 4TC finished the week above US$55,000/day. However rates were falling by the end of the week and overall the BCI finished down 2%. There were more signs of a softening on Monday with a drop of over 200 points, while period interest was scarce, with the paper market trading at a significant discount to the physical.
Source: BRS Dry Bulk
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Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 29000 PER DAY & PANAMAX/US$ 20500 PER DAY - VISTAAR
COALspot.com: The market continue to soften in all sectors and the most affected was cape size which was down by 16.32 pct. The BDI was down by 14.4 ...
Saturday, 12 June 10
BALTIC EXCHANGE ESTABLISHES ASIA-PACIFIC OFFICE
The London-based Baltic Exchange has today announced it is setting up an Asia-Pacific Representative Office in Singapore, to ensure closer contact w ...
Saturday, 12 June 10
NALCO TO ROPE IN PARTNERS FOR INDONESIA PROJECT
Sify reported that, the public sector National Aluminium Company (Nalco) is set to finalise the terms of its joint venture (JV) agreement with two f ...
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- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
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