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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
 A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major spike in earnings.
While all four bulk segments recorded an increase, the improvement in rates for the large ships finally took the Cape 4TC average over the Panamax 4TC again. Developments in the coal and grain sectors raised the possibility of changing trade patterns later in the year. Indonesia announced it would miss 2010 coal production targets after heavy rains disrupted mining. Output is now predicted to remain unchanged from 2009, at 300m tons instead of the projected 320m tons. Meanwhile Russia’s drought, and its subsequent ban on grain exports until December, is expected to result in greater foreign sales of US grain, with producers already reporting a surge in enquiry.
Supramax/Handy
Handies and Supras woke up again after several weeks of lethargy, mainly due to the anticipated large volume of grain exports out of the US. Most activity concerned short period, which shows the extreme nervousness of charterers who are unwilling to commit beyond a few months. All in all, short period rates went up to US$22/23,000 irrespective of delivery. South America also saw some activity with spot rates reaching close to US$30,000 dop WAF for trip east. This also tightened the market for tonnage open India but ships open there are still abundant and one can still see ballasters going south. In the Pacific, coal shipments are in short supply prompting spot rates to hover in the region of US$18-19,000
Panamax
The Panamax market firmed this week at a steady pace driven by an overall bullish sentiment which pushed the 4TC average up by US$2,000 to close the week at US$23,000 per day. The biggest increase came from Asia where the NOPAC and China/Indo/China routes gained US$3,000 to end at $22,000 per day on Friday. Short period rates followed the trend even though the paper market slowed during the week. Standard LME were getting $26/26,500 per day delivery North China for short period, up from US$24,500 a week ago. In the Atlantic, the physical market remained very slow all week but again sentiment kept rates stable. Russia’s ban on wheat export added some agitation in the market. One expects a firm and active grain season out of the USG/USEC area. The TA round voyage ended the week at a tick below US$25,000 per day.
Capesize
A very strong week for the Capesize market, with the four time charter average leaping from US$18,400 to just short of US$30,000 by Friday, mainly due to prompt fixing by the major iron ore producers. All routes showed improvements although West Australia – China showed the biggest increase with US$11.40 reported by the end of the week. In the paper market, rates for September and October rose to US$30,000 per day, and 4Q even traded up to US$33,000 mid week before falling back to just under US$30,000. The pace could not last however and Monday saw the 4TC plateau, falling back by a minor US$11.
Source: BRS
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Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
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- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
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