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Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
 There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 (+2.6%), the BPI 1,913 (+10.8%), BSI at 1,533 (+2.3%) and the BHI progressed to 774 points (+4.6%).
Capesize
A surprise jump in rates was recorded in the latter part of the week despite the week-long holidays in China. W-o-w the 4TC average rose nearly 5% to $27,876 per day. Rio Tinto was busy in the Pacific and a reported $11.35 was reached for one fixture for October loading, with around $10.70 proving to be the average for the week. South African coal proved another active area, while Atlantic tonnage was yet again tight, and again gains here showed the biggest increase. This activity resulted in a firming in the near-period FFA rates and Q4 finished with a near 13% gain compared to the previous week. The 4TC rose another $600 on Monday, with sentiment fairly positive for the week ahead.
Panamax
The Atlantic basin tightened over the week, with notable support emanating from the USG where enquiry remains healthy. Both TA and front haul rates improved notably (an increase of $1,341 on 1A and $1,683 on 2A indices between 30/09/11 - 07/10/11). The Pacific market also appeared tighter, in large part due to the holidays in Asia but also as a result of significant numbers of ballasters having sailed to the Atlantic in search of fresh business. Pacific rounds exhibited strong underlying support, with the 3A index rising by $2,281 over the week. Looking further forward however, there may be some expectation for additional tonnage from the East to weigh down on TA rates, although the market appears stable for the time being. There has also been a notable increase in the volume of open market tonnage in the Pacific at the beginning of the new week, suggesting that the recent upward trend may begin to stabilize a touch.
Supramax/Handy
The Baltic Supramax Index went up by 32 points to finish at 1,533 points last week, while the average of the time charter routes gained about $400 daily to finish at $16,000 per day.
The market remained steady with many players closed due to holidays and celebrations in the Far East. The market was active in the Atlantic however with scrap out of the Continent and more and more freshly added grain/sugar cargos ex-ECSA. Ballasters coming from the Pacific / Indian Ocean helped to balance the rates for the vessels suffering from fewer cargoes in India / Far East. On the other hand, more and more interest for Supramaxes on short / medium period helped to sustain the market.
On the smaller sizes, the Baltic Handysize index went up by 23 points to finish at 774 points with the time charter routes gaining $300 to reach $11,270 daily. The Atlantic and the Pacific levels are becoming quite balanced, and the TARV is worth $11,500/ day today, whereas the Pacific round voyage is valued $11,000 daily. On the period front, we saw interest on both middle period of 1 year and short period. A 57,000 dwt recently built vessel fixed for 12 months trading delivery Far East at $13,750 daily with worldwide redelivery, while short period reached levels close to $14/14,500 daily.
Source: Barry Rogliano Salles
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Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
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- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- The University of Queensland
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
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