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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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Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
Monday, 15 August 11
INDIAS MALABAR CEMENTS SEEK TO IMPORT 40,000 TONS OF COAL
COALspot.com - Malabar Cements Ltd., India's Keralaa government owned cement factory is seeking to import 40K metric tons of non-coking coal throug ...
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- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
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