We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
|
|
|
Showing 5506 to 5510 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
|
| |
| |
|
