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Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
 With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past week with the BDI ending at 1053 points (-21.8%),the BCI at 1723 points (-26.2%) and the BPI at 1264 (-17.8%). The smaller sizes were also down, with the BSI at 971 (-12.7%) and the BHI 533 points (-4.6%), as stated by BRS in its weekly report.
Capesize
Capesize rates saw heavy losses for the second week, with weather-related disruption in Brazil and Australia adding to the market’s problems. The Capesize 4TC finished the week at $9,116, which takes it back beneath the Panamax 4TC and the Supramax 6TC. Australia’s ports have slowly reopened, while Vale has downplayed the impact of its declaring force majeure on the grounds that it represents just 1% of its output. However the combination of these issues, and the forthcoming Chinese New Year, suggests there is little to prompt an upward correction in rates. Monday saw another slide, with the 4TC losing $618 to $8,498. In the paper market, February and March were trading at $9,433 and $10,267 by Friday afternoon.
Panamax
Last week marked the beginning of a strong drop in Panamax rates. What everyone expected finally happened and we saw the indices freefall every single day with no positive sign for owners. The 4TC lost $2,000, going from $12,020 per day to $10,075/day. In 1Q 2012 the same number of Panamaxes delivered in 2Q+3Q+4Q 2011 will in theory be delivered according to our last updates. On top of that, a relatively warm winter across Europe has impacted negatively coal demand and stocks in China are still at a high level as we head into Chinese New Year.
In the Atlantic, the TA index dropped to $10,731 from $13,341 the previous week, while the market was already below$9,000/daily. The outlook is still bearishas ballasters from the east keephammering the Atlantic market. Thetransatlantic rate is now equal to the 4TC,instead of being at a 10%-15% premiumas in normal market conditions.In the Pacific, it was the same story.Rates dived from $8,895/daily to $7,398/daily with the 1year TC rate basis delivery North China at around $11,000/daily. Themarket was very calm there before theChinese New Year.
On a positive note,coal prices are losing some ground and might push China to move to imported coal. However looking at stockpiles, the discount should be significant
Supramax/Handy
All countries were back to work for this second week of the year and the market continued its way down. The BSI los 12.6% to close the week with an average of the TC routes at $10,154. Prompt positions were available in all areas. The strongest drop was noticed out of the US Gulf where the route USG/Skaw-Passero lost 21.6%; a 57,000 dwt vessel was fixed at $18,000 aps USG redelivery Italy, whereas redelivery Far East was done in the mid $20,000s. It was the same situation on the Continent where a Supra was fixed at about $13,000 for scrap from ARAG to the East Med, while same was done at $16,000 the previous week.
In the Pacific, the volume of orders is reducing with the approach of the Chinese New Year. The market has become sluggish with stems of iron ore from India becoming increasingly rare. The dollar appreciation against the rupee has also led to fewer Indian coal Imports. Supras from Indonesia to India have now dropped $1,000 in the last week, to reach the low $6,000s, while Supras from India to China are now getting about $8,000.
Source: BRS
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Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
...
Thursday, 19 January 12
14TH VOGP MEETING IN HO CHI MINH CITY HANDS OUT LATEST UPDATES AND DEVELOPMENTS IN VIETNAM'S ENERGY INDUSTRY
Press Release: At upcoming 14th Vietnam Oil Gas Power on 27-28 Feb in Ho Chi Minh City the industry’s most influential names including Petrovi ...
Thursday, 19 January 12
DELTA DUNIA SEALS US$820 MIO CONTRACT INSIDER STORIES
Insider Stories reported that, PT Delta Dunia Makmur Tbk (DOID) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ( ...
Wednesday, 18 January 12
DRY BULK MARKET'S DRAMA CONTINUES IN START OF NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of newbuilding deliveries, coupled with a slow start to the new year, a typical trend for the dry bulk market, has led the industry's benc ...
Monday, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...
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- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Planning Commission, India
- The University of Queensland
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- White Energy Company Limited
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
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