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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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Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- The University of Queensland
- The Treasury - Australian Government
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
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