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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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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Coal and Oil Company - UAE
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