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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$10,000.
Source: Barry Rogliano Salles
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Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 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 ...
Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
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- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Minerals Council of Australia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
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