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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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Wednesday, 27 April 11
KEWESPO CALLS FOR 765KT OF THERMAL COAL
COALspot.com - South Korea's East-West Power Co's (KEWESPO) has issued a tender to buy total 765,000 tonnes of thermal coal for delivery between J ...
Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year ...
Wednesday, 27 April 11
TSIS $5 MILLION PLANT TO START PRODUCING UPGRADED COAL - THE JAKARTA POST
The Jakartapost reported that, PT Total Sinergy International (TSI), in association with Agritrade Resources Limited of Hong Kong, will upgrade its ...
Wednesday, 27 April 11
RAIN CONSIDERS COAL MINES TAKEOVER - INSIDER STORIES
Indonesian's tenth largest coal miner in term of coal concession, PT Resource Alam Indonesia Tbk (KKGI), is considering to acquire several coalmine ...
Wednesday, 27 April 11
DRY BULK MARKET LACKS ACTIVITY, RATES KEEP RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Easter Holidays for a large of the world now behind, the dry bulk market kept lacking activity on Tuesday, which led the Baltic Dry Index ( ...
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- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Star Paper Mills Limited - India
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