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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$33,000 per day. Rates were little changed on Monday, rising around 10 points on the end of the previous week.
Source: BRS Dry Bulk
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Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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Showing 6061 to 6065 news of total 6871 |
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- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
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