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Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
 The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into the new year) has kept the pressure on all dry bulk segments, pushing the indices down to levels not seen in very long time. The BDI ended the week at 862 points (-18.1%), a last reached just after the Lehman Bros shock in October and November 2008.
The individual segments read as follows: the BCI dropped to 1,554 (-9.8%), the BPI and the BSI to 1,020 (-19.3%) and 807 (-16.9%) respectively, and the BHI slipped to 485 points (-9.0%). All sizes continued to head south at the start of the new week.
Capesize
Another severe drop in the Capesize 4TC this last week as China prepared for its New Year celebrations, removing any possibility of a turnaround in the near term. At $6,688 per day by close on Friday, this represents the lowest level for eight months, and a 27% drop on the previous week. At these levels, lay-up has again become a reality. The Atlantic market saw the biggest decline with Bolivar-east Med dropping as much as 10% and Tubarao- Rotterdam 6%. In the Pacific, trade was fairly brisk but rates remained flat to slightly negative at $7.60-$7.65. Tubarao- China dropped 3% to $19.55 by Friday and was reported as low as $19.35. However in the FFA market, activity suggested rates may be close to a bottom, and overall Feb+Mar and Cal12 closed the week up, at $10,529 (+679) and $12,958 (+334). Monday saw another fall in the 4TC however, and the Cape time charter average is now trading at a 6% discount to the Handies.
Panamax
Last week saw the decline in Panamax rates continue unabated in the face of limited fresh cargoes and an ever growing tonnage list. The Atlantic market remained under pressure with the 1A index falling back from $10,731 to $7,824, and 2A index from $21,183 to $18,127. One of the primary drivers behind this trend (besides the distinct lack of cargo) has been the sheer number of ballasters arriving from the East. High coal stockpiles, uncertainty surrounding forward demand for both iron ore and steel products, and the imminent lunar New Year holidays have depressed demand in the Pacific, forcing many owners to search for business elsewhere. Both 1A and 2A markets have subsequently been hammered, with many fixtures in fact being reported at levels well below that of the current index. The supply side is unlikely to improve any time soon, as many newbuilds initially slated for delivery at the end of 2011 are pushed back into Q1 2012. The outlook in the coming weeks remains bearish, with reported 3-5 month period rates declining below $10,000 per day basis delivery Far East. There are some commentators who believe rates should decline less sharply in the coming week or two, although likewise it is also difficult to argue in favour of any sharp improvement.
Supramax/Handy
The Handy/Handymax market saw rates heading south throughout last week although at a slower pace than their larger cousins. The week started at almost $10,000 and closed at $8,500 for the Supras and $7,600 down to $6,900 for the Handies. A remarkable achievement in an otherwise dull market largely affected by the holidays in the Far East. No area was spared except maybe for South America where some activity started, together with the grain exports out of Argentina. That being said, the reduction of the available draft in the river is affecting owners’ revenue.
The rest of the world has been severely hit with the USG taking the biggest hit since there were reports last week of a TES 58 fixing at $13,500 for a trip to the Continent. Period activity has come close to zero, with no one willing to commit, although some index-linked deals randomly surface.
BRS wishing their Chinese readers a Gong Xi Fa Cai.
Source: Barry Rogliano Salles
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Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
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Showing 4681 to 4685 news of total 6871 |
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- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Planning Commission, India
- Parliament of New Zealand
- GMR Energy Limited - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
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