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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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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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Showing 5951 to 5955 news of total 6871 |
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- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Australian Coal Association
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
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