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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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Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
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- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Parliament of New Zealand
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Australian Coal Association
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
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