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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 $14/14,500 daily.
Source: Barry Rogliano Salles
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Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 111 MILLION) IN VISA POWER
Press Release - The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power ...
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- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Planning Commission, India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- The University of Queensland
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
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