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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$13,000 for 1 year period redel worldwide.
Source: Barry Rogliano Salles
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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
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- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Minerals Council of Australia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
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