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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, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...
Sunday, 03 July 11
INDONESIAN GOVERNMENT HAS CLEARED 1509 COAL IUP'S AS CLEAR AND CLEAN
COALspot.com - The Directorate general of mineral & coal of Indonesia has cleared around 1,509 IUP holders (coal mining companies) as "clea ...
Sunday, 03 July 11
MONSOON IN INDIA PUSHED FREIGHTS UP FROM INDONESIA TO WC INDIA - VISTAAR
COALspot.com - The BDI continued to hold closing just 2 points below last week at 1,422 points which was supported by Cape index which was up by 71 ...
Friday, 01 July 11
BEN LINE OPENS A NEW OFFICE IN BERAU
COALspot.com - Ben Line Agencies has announced that it has opened a new office in the busy coal loading port of Berau in East Kalimantan increasing ...
Friday, 01 July 11
CAPESIZE RATES TO REMAIN DEPRESSED IN COMING MONTHS SAYS SHIPPING ORGANIZATION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a recent report, BIMCO reassessed that Capesize freight rates will remain in depressed territory in the coming months. Capesize Time Charter Aver ...
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- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
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