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Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% increase. The rise in Panamax rates represents the first positive development in some time after almost seven weeks of consecutive declines. Even with the small gain seen this week, the Panamax 4TC has lost 70% of its value since early March. Of course, coal shipments have been severely disrupted by weather related factors, and this week China reported a 25% decline in its coal imports over the first three months of 2011. This stands in sharp contrast to its iron ore imports which rose nearly 10% in the same period.
Capesize
Holidays in Europe reduced activity in the Atlantic, although a period of fixing by the mining groups in the Pacific kept activity ticking over there. Overall the BCI inched up 1% while the time charter average closed the week at just under US$ 6,700. With worldwide steel production continuing to rise (up 7% in March), demand for iron ore remains strong. However with an average 27 ships joining the fleet each month, supply continues to outpace demand. In the paper market, rates picked up across the board and short-term prices strengthened. Prices are now US$ 10,700 and US$ 11,160 for June and July respectively.
Panamax
The Panamax market saw very quiet conditions in both the Atlantic and Pacific this week, mainly due to the long weekend in the East. There was plenty of tonnage still available in both basins and the time charter rates barely managing to break into four digits for the Atlantic and Pacific round voyages. Fronthauls were being fixed in the low US$ 20,000s. Period activity also declined, with rates still in the low teens for short periods of 3-5 or 4-6 months.
Handysize
Last week activity remained slow due to the holidays in the east. The Handy market continued to slide down, and the TC average closed the week at US$ 11,897 compared to US$ 11,985 the week before. Supras remained steady and finished the week at US$ 14,530 led by the route USG/skaw –Passero. East coast South America remains the leading actor in the Atlantic with wheat and sugar traded to various destinations. A few fixtures have been done from USG to Cont/Med at around US$ 17,000 for Handies and US$ 24,000 for the Supras. The Mediterranean/Black Sea market remained lacking in action. In the east, rates continued to slids down for both Handies and Supras. Supras were fixed from Indonesia to China at around US$ 17,000 with mainly coal, and around US$ 14,000 from India to China. A few Supras have been taken for 4-6 months at around US$ 15,000 delivery India.
Source: Barry Rogliano Salles
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Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
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Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
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- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Minerals Council of Australia
- Australian Coal Association
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- The Treasury - Australian Government
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