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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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Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- The University of Queensland
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
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