We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
 A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge in the BCI to 2,220 points. The BCI has traded over 2,000 points for only 17 days this year. In the smaller sizes, there was less change, with the BPI and BSI rising 6% to 1,609 and 1,338 respectively. Finally the Handies saw marginal change, rising just 6 points to 648. An item in the Indian press reported that Coal India had overtaken oil and gas group Reliance Industries as the country’s most valued company. According to the recently published BP Statistical Review of World Energy, coal represented 53% of India’s fuel consumption in 2010, while oil and gas together represented just 40%. Analysts confirmed as long as India continued to grow so would coal demand, with the government saying consumption could triple in the next two decades to 2bn tonnes.
Capesize
An increase in cargos and a lack of available tonnage combined to push Capesize rates up sharply this week, with the 4TC reaching $15,136, a rise of over 40%. Atlantic and fronthaul trades both showed double digit gains, with BrazilChina exceeding $23 per ton by the close of the week. The Pacific was the only ‘loser’ with rates rising only 9% to close at just under $9 per tonne. All indices rose again on Monday, indicating there is faith in a further strengthening in rates, on the back of expected fresh cargos. In the FFA market, rates moved up by 6% for Cal 2012 to just over $13,000 per day but the biggest increase was shown for September trading which finished the week at over $15,000 per day.
Panamax
Last week the Panamax market remained quiet and almost flat with very little fresh activity reported. However, freight rates kept rising slowly, following the Cape trend. The spot index posted a shy US$500 gain over the week with the Pacific basin recording the higher rise (P3A +US$870/day). Meanwhile, open tonnage stayed unchanged in the Atlantic but built up in the Pacific so the picture for the coming days is still unclear. The Transatlantic round voyage was traded in the $14,000/$14,500 range at the beginning of last week in a very quiet market due to major Orthodox/Catholic bank holiday. Positive sentiment was shared among players after this slow start, pulled by a booming Cape market. That said, as oversupply has absorbed every single fresh cargo over the last weeks, this slight recovery is not seen as a sustainable one. Fronthaul market was almost muted in the first part of the week but showed some colours finally, with an Aughinish to Far East fixture via US Gulf done in the mid $20,000. In the Pacific, tonnage was tight early on then picked up again in a rising market. Market was active with a fair number of fresh cargoes out of Indonesia. Indonesia round voyage was trading at around $9,000/$9,500 at the beginning of the week and broke $10,000 Friday. Short period also rose by about $1,000 with much interest from charterers bidding $12,000 for 4-6 months. One could say that the next market direction is still unclear as open tonnage is rising while the index was doing the same, along with the FFA market. It is the same story today with freight rates (physical and paper) pushing while open tonnage keeps building up. These contradictions cannot last forever…
Supramax/Handy
The Baltic Supramax went up 113 points to finish at 1,338 last week, while the average of the time charter routes gained $870 to finish at $13,989 per day. Far East was very active with Supras fixing Aussie round delivery China at $13,000 per day. In the Atlantic, USG to Med with pet coke has been fixed at $27,250 daily, while trip to Far East were fixed close to $30,000 daily. The activity was supported in the Far East by interest in short period redelivery worldwide around $14,500 daily. In the smaller sizes the handy Baltic Index went up to 6 points to finish at 648 with the time charter route gaining $97 per day to finish at $9,552. Far East mainly drove the increase of the Baltic index with several vessels fixed close to $11,000 daily for Aussie round. Compared to last week the Atlantic basin remained firm with Handysizes rating at $15,000 from ECSA to Cont, while USG remained quiet. Activity in the Atlantic was also sustained in the Atlantic with more cargo out of the Black Sea.
Source: Barry Rogliano Salles
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
Friday, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
|
|
|
Showing 5066 to 5070 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Planning Commission, India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- The University of Queensland
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
|
| |
| |
|
