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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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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 ...
Thursday, 30 June 11
DRY BULK MARKET SHOWS SIGNS OF FURTHER WEAKENING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to shake off the additional supply of vessels, an oversupply issue of grave concern that would have occured e ...
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Showing 5206 to 5210 news of total 6871 |
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- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Planning Commission, India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
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