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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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Thursday, 01 March 12
BUKIT ASAM TARGETS EUROPEAN INVESTORS
COALspot.com - PT. Bukit Asam (persero) Tbk, Indonesian state owned coal miner is planning to conduct road show in Europe next week to target at Eur ...
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
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Showing 4831 to 4835 news of total 6871 |
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- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- PTC India Limited - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
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