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Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 points. Apart from the slump seen in July, this is the lowest level recorded for 2010. Early predictions that Chinese ore imports would continue to drive the market up in 2010 proved incorrect. Official figures show China imported 560.5m tones Jan-Nov, compared to565.8m in the same period in 2009.Among exporters, Australia was the biggest beneficiary, increasing its exports to China by 2.4% year-on-year, while the other major producers Brazil, India and South Africa saw their exports decline approximately 9%, 7% and 12%. However China continues to diversify its ore sources, and many smaller producers such as Iran, Indonesia, Peru and Chile increased their sales during 2010.
Supramax/Handy
The market has been very quiet over the last ten days, and verging on non-existent. Christmas brought no relief to the ships open in the east, with rates still holding in the region of US$ 10-11,000 per day for local employment. The pace of new building deliveries of Supramax and Handies is fast and charterers can afford to be choosy. India failed to maintain the momentum seen before Christmas and the west coast India/ China run was being fixed at US$ 15,000, as opposed to the US$ 18,000 and over which was seen at that time. Over the holidays one could see ballasters leaving east coast India in a southbound direction. By comparison the Atlantic is faring a little bit better with hardly any prompt positions of Supramax in the south Atlantic or USG. Handies seem more affected with plenty of spot/prompt positions all over the place. Transatlantic round voyages are getting fixed at around US$ 15-16,000 for Supras and US$10-12,000 for modern Handies. The demand for long period has disappeared, which may be a sign of operators’ hesitation to commit in an uncertain future.
Panamax
This week was very quiet as expected during the festive season. The TA round market hovered in the mid US$ 20,000s per day and seemed stable, mainly due to the thin number of candidates open in this area and some ECSA cargoes activity. However, ballasters from the Far East and India were apparent and should balance out the market. Out of India, the market was relatively quiet. Goa’s exports were impacted by the truckers’ strike and the iron ore ban continues. The WCI-China route was traded in the mid US$ 10,000s. The ECI market was relatively quiet except for Haldia. In the Far East, the market did not improve and levels reached US$ 8-8,500 per day for a Nopac round. The short period activity was sluggish and the last reported fixtures were hanging around the mid US$ 10,000s for Tess 74 delivery North China or India redelivery worldwide. One-year period candidates were traded around US$ 16-17,000 per day.
Capsize
A very quiet week for the Cape market, with little happening in the last ten days of the year. Overall the sentiment appeared flat to weakening, and in the futures market short-term prices fell. January Cape 4TC is now trading at just over US$ 20,000 per day, compared to overUS$ 23,000 in the week before Christmas. However for 2H 2011 rates remain little changed. Ship deliveries slowed in the final fortnight of the year, but we can expect a ‘bunching’ of deliveries in early 2011 as ships completed in December are held over for the new year.
Source: BRS Dry Bulk
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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless  ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
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