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Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
 Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losing 8% to 1,764. There was little change for the smaller sizes, with the Supras flat at 1,322 and the Handysizes coming off slightly by 1.5% to fall to 721. In the steel markets, markets recorded a drop in global crude steel production in May of 1%, the first fall in three months. Declines in China were the main driver, and production is expected to slow further in the third quarter due to the country’s energy shortages. However with an annualized production rate of around 710m tonnes, output still remains significantly higher than last year’s 626m tonnes. Meanwhile in Europe, it was confirmed European buyers are now maintaining lower inventories in the wake of the financial crisis. Prior to 2007, inventory volumes were typically equivalent to 90 days of sales, but have now fallen closer to 60 days.
Capesize
A busy period in the Atlantic and Australia saw a second week of rate rises for the Capes: the BCI rose 8% to 1,974 points, while the 4TC rose to US$11,571 by week end. This 8% increase was replicated on both the Atlantic routes and Pacific and Bolivar-East Med rose to $13.50, while Hedland-Qingdao rose to $8.45. It was much quieter out of Brazil and rates rose more modestly there to around $20.50. In the FFA market, paper rates also rose with the physical market and by Friday close, Q3 and Q4 were trading at $10,808 and $11,808 respectively.
Panamax
The Panamax 4TC average went down by US$1,200/day closing the week at US$14,125/day underlying a quietness in all basins. East of Suez, the Indian ocean was still impacted by the monsoon and kept quiet and flat: Panamax out of WCi to China were paying $ 12/12.5 pmt. The Iron ore price market decreased this week on the back of a seasonal quiet Q3 and on very important iron ore stock pile at main Chinese ports. The nopac route went down by more than US$ 2,000/day with ships getting fixed at US$11,500/day. In the Atlantic, the tightness of tonnage was still supporting the market and we notices a drop of only US$1,000/day Friday to Friday. The USG was still active on coal export and the ECSA with grain mainly for trip out, paying still healthy number (mid 20’s + 550bb). On the period front the market was very quiet. The short period round for a LME dely Nchina redel WW was paying low 14’s pday.
Supramax/Handy
The Baltic Supramax Index went up by only 1 point to finish at 1,320 points last week, while the average of the time charter routes stayed steady to finish at US$13,800 per day. The market was active in both Atlantic and Pacific basins. In the Atlantic, Supramax tct from the USG to skaw/passero was getting fixed in the high US$20,000 daily delivery USG. Grain and sugar were still pushing hard in ecsa. Supramax were fixed for trip out at rate in the very low US$20,000’s daily dely Wafr region. TARV was showing rates in the high teens. In the Pacific, rates remained flat in the Far East/sS.E.Asia region, where levels are standing in betwteen US$8 and 10,000’s daily. Vessel s were getting fixed in the low teens on t/c basis Indonesia to India. One can see a general trend on vessels opening in India with owners still preferring to fix rbct coal and ECSA business back to the far east. On the smaller sizes, the Baltic Handysize index went down by 15 points to finish at 719 points with the time charter routes losing US$200 to reach US$10,700 daily. The Atlantic is firmer than the Pacific and the TARV is worth US$12,000/day today, whereas the Pacific round voyage is worth US$9/10,000 daily. On the period front, a large 57k dwt recently built fixed for 3/5 months trading delivery feast at US$13,500 daily with worldwide redelivery.
Source: BARRY ROGLIANO SALLES
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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- The University of Queensland
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
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