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Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
 Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gaining almost 3.5% and 6% w-o-w to 2,115 and 1,684 points respectively.
Conversely, the Supramax and the Handies lost about 2.2% and 1.8% respectively, falling to 1,277 and 699 points. Despite the supposed end to the Karnatake ore export ban, it will be some time before India’s exports return to normal. The Federation of Indian Mineral Industries this week predicted exports would reach between 70-75m tonnes in the current financial year, compared to 95 million tonnes in 2010/11, and 117m tonnes in 2009/10.
FIMI attributed the decline to the ongoing delay in lifting the ban, plus higher export duties and rail freight rates. India also faces another possible tax in the form of a royalty sharing mechanism.
Capesize
Another firmer week for the Capes, with the 4TC rising $748 to just under $14,000 at close, and the BCI touching 2,115 points. The Pacific showed strong gains and $8.50 was recorded for Hedland-Qingdao with one fixture reported at $8.75, while TubaraoQingdao reached $20.70. Tonnage was again tight in the Atlantic, though both basins softened at week end. Friday saw the 4TC’s first loss in June, and sentiment seems braced for further declines this week. The effect on paper prices was a $875 and $585 increase on July and 3Q prices. $12,000 per day appeared to be the going rate for 4-6 month charters by close. The 4TC fell $420 on Monday.
Panamax
After a sluggish beginning to the week, a marked improvement was recorded in the latter half across both TA and Fronthaul markets, with the 1A and 2A indices recording increases of $1,142 and $980 respectively between 01/07/2011 and 08/07/2011. Sentiment improved on the back of increased cargo volumes and a tightening of prompt tonnage in the Atlantic, with TA rates hovering around $16,000 and Fronthaul levels steadying around low $20,000’s per day.
Indeed, the Atlantic basin has appeared more supported in recent days, as opposed to the Pacific which came under a great deal of pressure the previous week due to stubbornly high levels of available tonnage. A number of short period fixtures were reported in the East this week for 4/6 months in the region of $12,500 per day; however overall sentiment continues to remain cautious in the face of a long list of open ships in the market, with only slight improvements seen in spot Pacific spot rates.
Supramax/Handy
The Supramax market followed the trend of the previous week. The BSI lost about 2% from Friday to Friday, the average of the TC routes closing the week at $13,356. In all areas the market is softening. Supramaxes are getting fixed in the mid/ high 20s for petcoke out of the US Gulf with redelivery Med, whereas for redelivery Far East same units are obtaining low 30s. Supras were fixed at about $15,000 delivery West Africa via ECSA with redel Skaw/Passero range and in the low 20s for redelivery East. The Pacific has been rather quiet over the last week.
The number of Supramax stems for Nopac and Aussie rounds remain scarce. The number of nickle ore and coal stems has also dwindled. Indian exports of iron ore have all dried up on the west coast with the monsoons, but a handful of stems are now visible along the east coast. The movement of coal into India however has been constant. On the short period front, Supras are being fixed at $15,000 for 3 to 5 months delivery Med with redelivery Atlantic, while levels are around $13,000 for delivery Far East with redelivery worldwide.
Source: Barry Rogliano Salles
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Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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