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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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Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
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- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
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