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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, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
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- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- India Bulls Power Limited - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
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