We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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 h ...
|
|
|
Showing 5786 to 5790 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
|
| |
| |
|
