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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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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
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Showing 5921 to 5925 news of total 6871 |
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- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
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