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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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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
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