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Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
 The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has so far trickled down to the other sizes. The BDI gained almost 13%, while the BCI continued its remarkable performance climbing to 2,975 points, equivalent to a 27% gain w-o-w. The BPI and BSI lost a marginal 1.2% and 0.5%, while the BHSI was up by 0.5% to 670 points. Underpinning the increase in Cape rates, China reported record levels of import stockpiles Friday, at 95.59m tonnes. Imports originating from Brazil fell slightly against a week ago, but both Australia and India showed increases, with Indian imports rising 3.7% w-o-w.
Capesize
Another exceptionally strong week for the Capesize market, taking the BCI up to 2,975 points and the 4TC to $23,899, a rise of 43% and the highest levels seen since December 2010. A surge of incoming cargos was the reason, helped by firming steel demand in Asia, in particular China and Japan. Although gains were apparent across the board, Aus -China and the Atlantic slightly outperformed Braz-China. The newfound optimism, at least for the next month or two, resulted in more period enquiry. A one -year period deal was reported for a 2010built 176,000 tonner at $14,000 with delivery China mid September. Meanwhile a 175,000 tonner was reported booked in the Pacific for 5-7 months at $19,000. October FFA prices were trading Friday at $19,255, compared to just $14,325 a week ago.
Panamax
There was a marginal drop of -$153 on the 4TC Panamax w-o-w as the Atlantic softened by -$861, however this was balanced mainly by the Pacific basin’s increase of $485 w-o-w. This overall drop had little effect on paper which posted gains across the curve for the week, mainly driven by the dramatic increase in Cape paper prices. The increased activity and gains displayed on the Cape market did not filter into the smaller sizes in any significant way. In the Atlantic there was limited fresh enquiry whilst growing open tonnage gave impetus to a softening of rates throughout the week. The Pacific on the other hand did realise gains over the week mainly on the back of spot fixing for Indonesia and Australia cargoes, which extended through to increased short period business being concluded also. The short period market for Panamax LME delivery North China firmed up a bit during the week from $13,800 to $14,500 end of the week reflecting a more positive sentiment for the coming months.
Supramax/Handy
Not much excitement going on in the market this past week. We hope/expect that the activity will start picking up now that summer is over and everyone has returned from vacation. For Supras, the Baltic Index lost 7 points to finish at 1,379, whereas the TC average decreased by $74 to finish at $14,489. Modern Supras were fixed from the USG to the Far East in the region of the high $20,000s, and in the mid $20,000s to the Med. From the Continent, modern Supras were fixed to the Med somewhere in the mid/ high $10,000s. For the smaller sizes, the market remained pretty much steady last week for Handies, with the Baltic losing 1 point and finishing at 670. The TC average for Handies increased by $8 to end the week at $9,945. From the USG, Handies were fixed to the Med in the mid $10,000s and in the low/mid $10,000s for a trip ex ECSA to the Med/Black Sea area. From the Cont a trip is a touch under $10,000 for NCSA destination.
In the East, Supras were fixed around $13,500 for dop China via Indonesia redel Far East. Supras open China were fixed around $8,500 for trips via Indonesia to East Coast India. The Aussie round was fixed a t o u c h b e l o w $ 1 0 , 0 0 0 . On period, modern Supras were taken in the Far East for 4/6 months around $15,000 with redelivery worldwide.
Source: Barry Rogliano Salles
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Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
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 ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
" ...
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- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Parliament of New Zealand
- VISA Power Limited - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Planning Commission, India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
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