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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$55,000/day. However rates were falling by the end of the week and overall the BCI finished down 2%. There were more signs of a softening on Monday with a drop of over 200 points, while period interest was scarce, with the paper market trading at a significant discount to the physical.
Source: BRS Dry Bulk
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Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
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