We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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.
...
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 ...
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
|
|
|
Showing 5266 to 5270 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
|
| |
| |
|
