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Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
 BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, rates rose slightly but it was an inconclusive week. Adding to the uncertain situation in India, Chhattisgarh state, which produces around 20% of India's iron ore reserves, this week became the latest to threaten a possible ban on exports after the state’s chief minister appealed to the Indian prime minister. The region has only one ore miner, state-owned NMDC, so a decision on a ban would have to be made by the federal government. Karnataka’s ban on exports from private firms is currently being appealed in the Supreme Court, but has already resulted in a significant drop in exports from the country.
Capesize
Although Chinese New Year is now well and truly behind us, there has yet to be a significant recovery in Capesize rates. Rates rose Friday to Friday but started another downward slide towards the end of the week. At US$ 6,620 per day on Friday, the 4TC is still lower than rates before the holiday. Widespread tonnage availability continues to be the main issue, particularly in the Pacific, and the only route to show any real rate increase was Brazil-China. There was no period activity to report, and in the FFA market Q2 has now dropped from US$ 21,000 levels to US$ 17,500. The BCI recorded another drop on Monday.
Panamax
The Panamax market this week continued in the same vein as last week, boosted by a firm Indian market; the 4TC average closed on Friday at US$ 16,000 per day, up US$3,000 compared to a week ago. The route paying the most was the WCI/ China trade where a standard Tess 74 managed to fix at US$ 22/23,000 per day. The Nopac itself was closer to US$15,000/ day, representing an increase of around US$ 4,000 compared to last week’s level. The India buzz had an impact on TA round rates and especially in the ECSA area. But by the end of the week we noted a decrease in activity, with a still quiet ECSA grain export market and high ship availability. The TA round ended the week at US$15/16,000 per day. Period wise, numbers increased as well and operators were taking ships in at around US$18,000 per day ie an increase of US$2,000 compared to the previous week.
Supramax/Handy
The Baltic Supramax Index has continued to rise throughout the week as activity picks up steadily after the Chinese New Year. Despite this rise, one wonders whether the improvements will last. The BSI gained 113 points to finish at 1,267 points last week, while the average of the time charter average gained US$1,184 to finish at US$13,247. The USG and NCSA were the most active areas, and modern Supras were fixed at in the low/ mid US$20,000s back to the Continent/Med. Supras were paid around US$25,000 for delivery west coast central America. The Continent has also been active with fixtures reported to various destinations including the Far East in the very high US$10,000s, and a couple of laden legs within the Atlantic in the mid US$10,000s. Little emerged from South America on the Supras. The Baltic has also been on the rise for smaller sizes and the BHSI gained 19 points last week to finish at 670, while the average of the time charter gained US$304 to finish at US$9,906. East coast South America has been more active mainly with grain fixtures to the Continent and Mediterranean in the mid to mid/high US$10,000s depending on vessel age. From north coast South America vessels were fixed at US$15,000 for Continent redelivery and modern Handies were rumoured fixed at US$10,000 from the eastern Med to west Africa. Modern Supras were fixed in the mid US$10,000s level for 4-6 months period with delivery Far East. The Pacific was also on the rise with Supramaxes ex Japan to Australia/Nopac gaining US$2,386 to end the week at US$10,791. Supras open in China for a trip to Indonesia with redelivery India were paid a touch below US$10,000.
Source: Barry Rogliano Salles
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Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
Tuesday, 08 March 11
US$ 8 BILLION WORTH OF INFRASTRUCTURE PROJECTS IN PIPELINE IN INDONESIA - WOOD MACKENZIE
India’s Increasing Demand for Thermal Coal Cannot Be Satisfied Without Emerging Coal Areas in Indonesia - Wood Mackenzie
At Coa ...
Tuesday, 08 March 11
INDIA'S VEDANTA TO ACQUIRE COAL MINES IN OVERSEAS
COALspot.com - India's Vedanta group is also looking at long-term off take agreements and possible acquire of coal mines overseas, the official sai ...
Tuesday, 08 March 11
MINERS SAY VALUE-ADDED LAW WILL HURT IN THE LONG RUN - THE JAKARTA GLOBE
The Jakarta Globe reported that, Government plans to require miners to give added value to their exported commodities could end up costing the count ...
Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South Amer ...
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- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Australian Coal Association
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- The University of Queensland
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
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