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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% lower to 1,557 points. The main reason for the latest increase was the Panamax segment which has kept its upward trend, as a result of increased coal and grain trade activity. The relative Baltic Panamax Index was up by 1.81% to 1,801 points, while a small increase by 0.79% was also evident in the Supramax segment of the market.
During the course of the past week, the BDI has risen by 5.6%, mainly driven by the remarkable 22% rise of the Panamax market. according to the latest weekly report from Paris-based shipbroker Barry Rogliano Salles, “Indian government figures showed this week that the country recorded zero growth in its domestic coal sector in fiscal 2010-2011. This compares to 7.9% growth in the previous fiscal year, and will be the first year of zero growth since 1998/1999. Commentators point to strict environmental limitations and uncertainty over so-called ‘no go areas’ as having a major effect on production, factors which will affect the country’s import levels going forward”.
Regarding the Capesize market, it mentioned that the continuation of holidays in Europe led to another quiet week for Atlantic Cape activity, and rates were little changed losing 0-1% over the week. “The Pacific was busier, although a softer trend was noted as the week progressed. Aus-China lost around 3% over the week. Overall the BCI gained 2 points w-o-w, while the time charter average rose from US$6,700 to US$6,777, a figure which is still below Opex for most operators. There are no big movements at the start of the new week although Monday saw another slight drift downwards, with the BCI losing 9 points” said BRS.
On the Panamax market, it said that “despite having a short week, with last Friday and Monday off, the BPI index recovered and the 4TC gained US$1,700 over the week. The biggest increase came from the Far East where the Nopac round gained US$2,300 closing the week at US$13,300 per day. This climb could be explained by an extremely quiet April month with charterers having, eventually, to fix cargoes and the fact that Australia, recovering from the floods, was able to export again. However WCI iron ore was still paralyzed as miner have not yet received permission to export. West of Suez, the ECSA market was very busy as every charterer, after the Easter holidays and various bank holidays, returned to the market at the same time. This pushed rates up to US$26,500 aps + 650 bb for a LME 74,000 dwt giving ETA end May/very early June. Overall the number of Atlantic vessels decreased, giving stability to this basin. Short period wise, the sudden Nopac and ECSA activity created a bubble, with rates climbing very quickly up to US$16,000 per day for a LME (US$3,000 more than a week ago)” said the shipbroker’s report.
On the smaller ships, BRS said that the “Baltic Supramax Index rose by 11 points to finish at 1,386 points last week, while the average of the time charter routes stayed flat, gaining just US$100 to finish at US$14,490 per day. The market was active in the Atlantic, with more and more freshly added grain/sugar cargos ex ECSA. In the meantime, tonnage was injected into the basin throughout the week, but surprisingly these newcomers did not soften the trend which remained flat and fully firm. Activity remained steady in the USG/USEC region, the main commodities being grain, coal and petcoke, trading mainly back to the Continent/Med range and to the Far East. With such a sustained market in the Atlantic basin, more and more ships are coming around to the idea of ballasting from the Indian Ocean or Med to the South Atlantic in order to satisfy demand.
In the smaller sizes, the Baltic Handysize index lost 3 points to finish at 792 points with the time charter routes losing US$100 to reach US$11,750 daily. Again the Atlantic is firmer than the Pacific and the TARV is worth US$12,500/day today, whereas the PARV is worth US$11,500 daily. On the period front, large and modern Supramaxes with delivery Far East are getting fixed in the low/mid US$15,000s for short period” concluded the report.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Planning Commission, India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- The University of Queensland
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
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