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Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
 Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing last week at 1,520, while on Thursday the BCI dropped below 2,000 points, its lowest level in six months. In the commodity markets, it was reported China’s steel mills will log lower profits of RMB 77bn ($11.61bn) for 2010 due to the high price of ore. In total China steel makers paid RMB 170bn (25.6bn) extra to purchase iron ore from overseas between January to November, despite the fact imports fell by nearly 6m tonnes. Profit margins for the Chinese steel industry will be 3.5% in 2010, lower than the 6% reported for Chinese industry as a whole. Ore prices are expected to rise again this year, with Credit Suisse last week predicting a 21% hike to an average US$178/tonne basis CFR China for the year.
Supramax/Handy
The beginning of the week was quiet for the Supras in the Atlantic, firming slightly towards Friday, and the Handies remained stable in that basin. On the other hand, the Pacific market for Supras became very dull and rates on the larger sizes were pulled down by the weakening Panamax market. A few sugar/agriprod Handymax parcels appeared on the market from ECSA for second half January but those charterers left with cargoes to be lifted on a prompt basis found themselves in tight situation with difficulties finding ships that were not delayed ECSA. Supramax units open ECSA were being fixed in the mid US$20,000s dop for trips via ECSA to the east, and Supras from WC Africa via ECSA to Continent were seen fixed in the high teens. From the USG to Far East, larger units were getting close to very low US$30,000s. The Transatlantic round voyages showed levels in the high teens for Supras. On the Continent, Handymaxes/Supras were getting fixed in the mid-high teens for trip to the east Med. Looking at the Pacific market now, there were very very few cargoes available and the Pacific round for Supras taken in North China was paying around US$7,000, while trip via Indonesia to India was closer to US$8,000. Trips with iron ore from India were paying in the low/very low teens. On the period front, few Supras were reported but in the Far East, larger units were seen fixed around US$14,000 for short period.
Panamax
The Panamax market found some resistance this week after a very quiet second half of December and the 4TC average gained US$1,000 per day to close the week at US$15,500 on Friday. The Atlantic kept a tight tonnage supply, pushing some charterers to pay close to US$22,000 per day for prompt tonnage dely Continent for TA round. The USG grain export was seeing some activity especially for trip out paying very high US$20,000 per day for ship dely Cont redel Far East. We noticed as well a few steel cargoes out of Black Sea to India. East of Suez the market suffered from the flood in Australia and a high number of vessels were idle at anchorage waiting for shippers to load. Indonesia was active with coal exports and the biggest operators were willing to take in some tonnage paying around US$15/16,000 per day for short period which gave some constancy to the near term market.
Capesize
With little activity even after the New Year, Capesize rates continued to fall rapidly. The market has now seen a 20% drop in the BCI since Christmas Eve. Although the Atlantic held up for a while, by the end of the month it had attracted ships from the Pacific, ensuring rates softened in both markets. By Friday the 4TC had slipped below US$13,000 per day, and the BCI had fallen below 2,000 points, the first time since the quiet months of August. The decline continued on Monday and the 4TC lost nearly another US$1,000 to close at US$11,900 per day.
Source: BRS Dry Bulk
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Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
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- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
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