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Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
 A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the start of the week. The Capes fell by the largest margin, losing 26% on the BCI, but there were losses in all sizes. Going forward, period rates in the Panamax market were holding up but there seemed less optimism in the Cape market where the few short period deals concluded were at much softer rates. In the coal market there was some concern Chinese demand could ease in the third quarter as the government attempts to cool the economy. However there was more evidence this week of longhaul imports which will boost tonne miles for the shipping industry. India has reported more coal imports from Colombia, which is now offering a delivered cost of about US$92/ton, compared to US$110/ton from South Africa. India is expected to report another jump in coal imports this year, after doubling its demand in 2009.
Supramax/Handy
Handies and Supras are retreating in good order. But it seems to be more psychology than anything else since overall the market has become very quiet. The Pacific in particular seems to be in disarray with plenty of tonnage open there. There are few alternatives but to ballast over to more benevolent waters. Nopac round voyages are now hovering around US$18,500 for index types The Atlantic is also easing, particularly in the south which is still under the pressure due to ballasters from India. The Mediterranean is not seeing much activity either and ships are ballasting towards the USG or Continent where a few scrap stems are keeping that part of the world lively. Rates for Atlantic round voyage are currently yielding around US$22-23,000, which is down from more than US$30,000 some 10/15 days ago.
Panamax
Unlike last week, the biggest fall registered in the market this week was in the Far East. On average the 4TC lost US$3,000, closing the week at US$24,000 per day, but the Nopac route lost over US$5,000 week-on-week falling from US$25,000 to less than $ 20,000 per day on Friday. On the other side, the Atlantic market managed to stay ‘relatively’ steady with a majority of Panamaxes fixed at around US$27,000/day for a TA rv, down from the US$28-29,000 the previous week. The ECSA remained active and attracted a good number of ballasters, even if the Far East/ECSA/Far East route did ease by US$2-3,000 for a normal Tess 74, which fixed at around US$25,000 delivery India, and just below US$20,000 delivery north China. There was little period activity in the Atlantic and Tess 74 delivery north China were fixed for short period at around US$22-23,000/day, down from US$27,000.
Capesize
A combination of holidays in China and expectations by charterers that rates would continue to fall meant it was a quiet week in the Cape market. Rates dropped accordingly, and the BCI finished on Friday at 3,134 points, down more than 25%! The time charter average is now back below US$30,000 at US$29,500/day. In the paper market, fourth quarter rates remained stable at around US$30,000 but 3Q is now trading below that. The 4TC lost another 10% on Monday with plenty of tonnage available. However with rates this low, the mining groups are expected back in the market soon.
Source: BRS Dry Bulk
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Monday, 14 June 10
S. AFRICA BOOSTS COAL SALES TO INDIA 12%, TRADER SAYS
Bloomberg reported that, South Africa’s Richards Bay, the world’s second-biggest coal export harbor, boosted sales to India by 12 percen ...
Sunday, 13 June 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND CAPE/US$ 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 ...
Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
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- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Planning Commission, India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
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