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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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Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
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- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
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