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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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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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Showing 5896 to 5900 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
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