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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, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
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- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Central Java Power - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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