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Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
 With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 (11.5%), the BPI at 2,084 (+8.9%), the BSI 1,594 (+4%) and the BHI moved to 822 points (+6.2%). In the iron ore market, recent volatility in ore prices has prompted some mining companies to sidestep the quarterly pricing mechanism and offer ore at spot prices. Market sources say Chinese mills are reluctant to pay the fourth quarter contract price of $175 per tonne (based on the average for the previous quarter) when current spot prices are just $160 per tonne. Instead Vale has reportedly offered fourth-quarter prices based on the average for October-December spot rates. The move could encourage continued buying by the Chinese, especially as prices have continued to fall in recent days.
Capesize
An unexpected second week of gains for the Cape size market, with the 4TC hitting its highest rate since November 2010 on Friday. Activity was very strong in the Pacific, with plenty of fixtures concluded. Hedland-Qingdao saw the biggest gains during the week, as buyers returned from the Chinese holidays, and there were even rumors of a post-$13 per tonne deal. The continued good activity has resulted in rising congestion in China, and almost 70 ships were seen at anchorage in the country by Friday. This compares to 45 vessels the previous week, with nearly 90 ships expected over the next fortnight. However the BCI fell nearly 50 points on Monday, and the Coaltrans conference in Madrid is also expected to lead to a quieter market in the coming week.
Panamax
The Atlantic basin remained tight on prompt tonnage, with reasonable volumes of USG/China business being concluded. There was also an increase in TA stems towards the end of the week, providing additional support to the market (an increase of $1,437 on 1A and $1,608 on the 2A indices), although there is a feeling the market may begin to stabilize if business out of the Gulf thins. In addition to this, Coaltrans in the early part of the coming week could subdue the market somewhat. Looking forward, the trend in the Atlantic could well steady after the rises in recent weeks. The Pacific market also continued to climb over the week, with cargo volumes remaining healthy. Having said this, the level of activity seemed to tail off a touch towards the end of the week with some expectations for a more stable index in the coming days, and little in the way of fresh business being concluded at the beginning of the new week.
Supramax/Handy
The market was very firm last week and even though we felt there were signs of slowing towards the end of the week, the indices were still on the rise. For Supras, the Baltic Index gained 50 points to end at 1,594, with the TC average increasing by $521 to finish at $16,150. Modern Supras were fixed very quickly with none left in ECSA for October dates. From the USG, cargoes to the Far East were fixed in the mid $30,000s, and in the low $30,000s to the Continent. For trips from West Coast Africa via ECSA to the Far East, rates were around $23-24,000. For the smaller sizes, the market was also strong and kept on increasing with the Index gaining 36 points to finish at 822. The TC average for the Handies increased by $476 to end the week at $11,911. Fewer fixtures were reported for Handies than for Supras however from the Continent; Handies were fixed to the Med in the mid/ high $10,000s. From the Med, Handies were fixed to East Coast South America at $10,000. In the East, Supras were fixed around $15,000 dop China via Indonesia redelivery Far East. Aussie rounds on Handies were fixed around $12,000. On period, a couple of modern Supras were taken in the Far East for short period at around $15,000 with redelivery worldwide. A couple of Supras were taken for a year around $14-14,500 with delivery in the Far East and worldwide redelivery.
Source: Barry Rogliano Salles
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Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
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- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
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