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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, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...
Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...
Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...
Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
Howeve ...
Saturday, 26 March 11
FLSMIDTH WINS MULTIMILLION DOLLAR MATERIAL HANDLING PROJECT IN INDONESIA
FLSmidth has signed a contract in Jakarta worth in excess of USD 135m (DKK 700m) with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to s ...
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- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- The University of Queensland
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Economic Council, Georgia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
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