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Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
 Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. The latter may see a drop in activity in the coming weeks due to the Mississippi floods which are reported to be affecting current barge traffic. In the coal market, the newly active US coal export market warned future growth could be constrained by infrastructural limitations. The US coal industry logged exports of around 25m tonnes in the first quarter of 2011 but Xcoal Energy chief executive Ernie Thrasher said producers would be unable to export more with the current east coast terminal capacity. US coal exports have provided significant new tonne-miles for the dry bulk market as coal supplies have become tight, but it appears they will be capped at around 100m tonnes per year due to the current infrastructure.
Capesize
Although the drift is not significant, the Capesize recorded another week-on-week decline this week. The four time charter average finished at US$6,002, a drop of US$775 from the previous Friday, with the largest declines logged Aus-China, and Braz-China not far behind. There was a flurry of activity by the Australian mining groups, but there was ample tonnage to meet the demand and rates did not improve. The bearish sentiment was also evident in the FFA market with the Q3 contract losing 12% w-o-w to finish last week at US$9,036 and Cal 12 10% w-o-w. Monday was another typical day with the BCI sliding 19 points, with no signs of a severe drop but none of a major improvement either.
Panamax
In the Panamax market the BPI slipped by US$400 week-on-week. The Atlantic remained stable thanks to a good balance between cargoes and ships; even spot vessels managed to fix at good levels at close to US$14,500/day on the TA round. Out of ECSA, the market eased throughout the week and the fronthaul lost US$1,000 to close at US$22,500/day. Indian exports eased too and the Panamax rate Goa-China was close to US$13 pmt, down US$2 pmt from the previous week. The Nopac and Far East markets were quiet and by the end of the week the number of vessels had started to increase, pushing the NOPAC round closer to just US$12,000/day. Friday to Friday, the period market interest vanished and very few vessels were reported fixed – the market for a Tess 74 BPI type was in the low-mid US$14,000s/ day, a US$2,000 drop from a week ago.
Supramax/Handy
The Supra and Handy markets witnessed a steady flow of activity last week with barely 5 points difference between Monday and Friday for the Supras and just 1 point for the Handies. We saw a slight drop in the Supras in the Far East, which appeared to be linked to the drop in paper values. India -China voyages went for about US$14,500 even though some owners tried to resist and rated ships at US$16,500 for the same routes. Indo – India went for an average of about US$17,500/day. We still saw strong numbers such as US$30,000 from the US Gulf to the Far East.
The market anticipated an immediate impact from the floods in the Mississippi but this was not the case. Continent-Med trips went for about US$18,000 while ECSA-Cont went for US$28,000. The Med was nearly dormant for the Supras. Out of the Black Sea we started to see some Corn cargoes for the first time since May last year. The rates are still not the best as a few Handies were fixed at about US$6,000 for trips Black Sea-Cont and about US$9,000 Med-Cont. Handies went for an average of about US$20,000 for US Gulf– Cont voyages and about US$22,000 for Cont –Far East trips. On the period front, we noticed many ships who were willing to go for short period but not many takers. Supras went for about US$14,000 for 4-6 months delivery east Med redel Atlantic and another at US$15,000 same 4-6 months redel Atlantic. A Handy went for US$13,000 for 1 year period redel worldwide.
Source: Barry Rogliano Salles
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Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Indogreen Group - Indonesia
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