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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
 A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It was an unremarkable week for the Capes and although period rates remain strong, there remains some concern for the fourth quarter. China’s decision to close steel production capacity in order to meet energy-saving targets has created uncertainty, with one local analyst estimating it would cut the country’s total steel output for the year by 8%. So far, Shandong, Jiangsu, Zhejiang, Guangxi, Hebei, Shanxi, Gansu and the inner Mongolia provinces have all been affected. China’s iron ore imports already fell 13% in August, the largest drop in seven months, as steel production slowed and India reduced its exports.
Capesize
A small increase in the BCI this week, with the four time charter average rising to US$41,000 by week-end. Rates improved most in the Atlantic where tonnage availability was fairly tight compared to demand. In the FFA market, rates were little changed for 2011 but took a lurch downwards for the remainder of this year. Q4 finished the week at US$34,100 compared to US$35,100 the previous Friday. Period rates remained stable however, and a 180,000 tonner delivery ex yard in November was reportedly fixed for 11-13 months at US$32,750. The BCI came off slightly on Monday, but only by 28 points.
Panamax
This week the Panamax market took advantage of bullish sentiment thanks to a still active USG and NOPAC area with grains and a relatively busy coal market out of Indo/ Aussie. The big players were, therefore, not hesitating in taking in more ships for period paying up to US$28,500/day for tes 74 dely Nchina redel WW. The Nopac round was paying US$29,000/day, up from US$26,500/ day last week. In the Atlantic the market was less active, but still, the TA round improved by more than US$1,000/day ending the week at over US$28,000/day. Thursday and Friday, the activity failed off and some uncertainty on the amount of steel that will be produced in China in Q4 and the amount of Indian’s iron ore available for exportation turned the market in the southward direction.
Supramax/Handy
The Baltic Supramax Index was quite steady with a very slight upward trend as it increased by 47 points to finish at 2,046 points last week, while the average of the time charter routes gained about US$ 497 to finish close to US$ 21,395. Activity picked up in the Atlantic with a considerable amount of new grain orders originating from the USG mainly to the Med and Continent. Modern Supramaxes were paid in the low/mid US$ 30,000s per day for delivery USG to Med/Cont. For the smaller sizes, the Handysizes were pretty much in line with the Supramaxes, with a slight increase of 12 points to finish the week at 1078, while the time charter average went up by US$ 168 to finish the week at US$ 15,876 per day. ECSA or USG to Skaw/Passero are also at similar levels in the very low US$ 20,000s and very high US$ 19,000s respectively. On the period front, which has also been quite active, it is worth noticing a modern (expected delivery December 2010) 57,000 DWT was fixed for a 5 year period at around US$16,000. Supramax vessels are getting fixed ex Far East for a 12 month period at around US$ 21,500. For shorter period, similar size vessels are being fixed at around US$ 23,000/24,000 while the Handies are being fixed at the US$ 17,000s level.
In the Pacific, the week started out strong, with the view that a lot of the fixing would be done on the Pacific rounds before the start of the Aid Al Fitr / Idul Fitri / Puasa holidays at the end of the week. Index type Supramaxes in North Asia were fixing in the mid-high teens and high teens to low US$20,000s with South China delivery for Pacific rounds. This remained steady through the week. The same could be said for vessels in India, where quite a bit of tonnage was cleared out for Richards Bay rounds back into India (high teens off both coasts), and trips to China (midhigh teens from WCI, and high teens from ECI).
Source: BRS
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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- Australian Coal Association
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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