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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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Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
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- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
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