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Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
 A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax and Handysize markets declining for the third week running. Overall, the BDI ended at 1,835 points (+3% w-o-w), the BCI at 3,150 (+13%), the BPI at 1,761 (-4%), the BSI at 1,324 (-7%) and the BHI at 675 points (-7%). In the coal markets, China’s benchmark thermal coal prices fell for the first time in three months, as the country’s utility companies finished their autumn stockpiling. It is the first decline in the price since August. Stockpiles are currently at the high level of 71 million tons, with local commentators suggesting there will be no more major buying until early next year. This stockpiling, which saw Richards Bay coal exports rise nearly 50% in October compared to September, has supported the bulk market and the recent increase in rates.
Capesize
A strong week for the Capes with plenty of cargo requests in the Atlantic combined with a tight tonnage situation pushing rates up there. Activity by the mining companies in the Pacific saw even greater gains in that basin. The Baltic reported two iron ore cargoes covered on a voyage basis from the St Lawrence in the mid $30's per metric tonne, which equates to around $50,000 per day on a BCI type basis delivery Rotterdam. Overall Hedland-Qingdao saw the greatest gains, at +15% w-o-w, with $11.50 pmt reported. Fronthaul and Atlantic trades also saw gains around 6-8%. In the paper market, the Nov/Dec average peaked at $22,500 during the week, although there was a pullback in both the physical and paper markets by the end of the week, with Nov/ Dec ending at $20,979. Monday saw a 69 point fall in the BCI.
Panamax
It was another week of declines across the board with the Panamax 4TC closing at $14,079, coming off $603 w-o-w, which was not far off from the previous week’s decline. We saw a drop of $809 per day in the Atlantic w-o-w and $678 in the Pacific, whilst FH shed $657. There remained a clear lack of fresh cargoes for PAC, TA and FH with limited fixture activity throughout the week and a continued high level of open tonnage prevalent in both basins. However towards the end of the week we did see a reduction in open tonnage in the Atlantic, likely due to charterers covering stems or vessels being withdrawn from the market as a possible floor is found. The Indo/China trade was fixing in the $9 pmt range in a week that was interrupted briefly by holiday. The period market remained steady although relatively inactive with very few reported fixtures. 4-6 months ended the week at $14,000 per day levels whilst one year was closer to $13,500 levels.
Supramax/Handy
The Handy/Handymax market remains under pressure in the east where the abundance of prompt vessels and the lack of cargoes have been the main feature for the last 10 days. Not surprisingly Nopac round voyages are being fixed in the mid $7,000s levels. By the same token Indian iron ore exports are very slim leaving little alternatives for owners but to ballast towards South Africa and, further away, South America. As a consequence, south Atlantic does not have enough cargoes to absorb all these ballasters and transatlantic trips ex ECSA has gone from around $15,000 per day 3 weeks ago to around $12,000/13,000 today. The only hot spots for owners are the USG for Supramax and Black Sea for Handies where grains entail reasonable levels of $26 -27,000 ex USG to Med, and low/mid $30,000s for USG/Far East. Handies in the Med found secure homes giving returns in the mid teens.
Source : Barry Rogliano Salles
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Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
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- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
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