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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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Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
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- Carbofer General Trading SA - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- White Energy Company Limited
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- The University of Queensland
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
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