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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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- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- The University of Queensland
- MS Steel International - UAE
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Australian Coal Association
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
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