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Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
 The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, and will start the holiday period at just over 2,500 points. Overall the market has lost about 20% of its value since the start of the year. However it is interesting to note that the futures market is predicting an improvement in Cape rates (though not Panamax and Supra rates) in the second quarter after the Chinese holidays are over. In the news, there was growing comment over the annual ore contract. BHP Billiton and Vale declared the 2010 price levels should reflect conditions on the spot market, where prices are currently around double last year’s level. Chinese buyers meanwhile were reported as be willing to accept 40%. Given recent ore and steel forecasts, buyers will be expected to increase their contribution; the question is by how much. Independent UK-based steel consultant MEPS claimed this week global steel output could hit a record high of 1,350m tonnes in 2010, with around half coming from China.
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“BHP Billiton and Vale declared the 2010 price levels should reflect conditions on the spot market, where prices are currently around double last year’s level”
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SUPRA/HANDY
It is difficult at this stage to assess whether Handies and Supras have bottomed out but at least the general feeling is that some sort of support has been reached. The Pacific round voyage now stands around US$16,000 when the Atlantic lies close to US$20,000. Demand for trip out to the east remains strong on the back of sugar and grains out of Brazil. The US Gulf saw a significant slow down with Supras hardly able to achieve more than mid US$3000 for trip to the Mediterranean Sea. Overall the Chinese holidays will no doubt impact the trade.
PANAMAX
The market drifted downwards over the week as Far Eastern players slowly disappeared for the impending holidays. Transatlantic round voyages started the week in the mid-high US$20,000s but by the end of the week were being traded closer to the US$24,000 mark. By contrast the Pacific became very positional with rates varying from a low of US$23,000 to a high of US$29,000 over the week for a vessel delivery southeast Asia for a west Australia round voyage.
However, for both basins, fixing volumes were thin. There was little period activity of note to talk about with such a large gap between the bid/offer spread, although a couple of short period deals were concluded in the east at around the US$26,000 level. Overall the BPI saw a loss of 113 points and the 4 time charter average reported a decline of US$894 over the week
CAPESIZE
It has been a month since the Capesize market logged any Friday-to-Friday gains, and with Chinese New Year upon us, it was no surprise that rates took another fall this week. The four time charter average is now back to below US$30,000 per day. Indeed Friday’s rate of US$29,259 was the lowest level seen in the Cape market since October last year. The market expects some pick-up after the Chinese holiday, however, and second quarter prices in the FFA market are currently trading at nearly US$33,000 per day. Rates were little changed on Monday, rising around 10 points on the end of the previous week.
Source: BRS Dry Bulk
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Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
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Showing 5891 to 5895 news of total 6871 |
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- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Minerals Council of Australia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Australian Coal Association
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
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