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Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
 The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also rose above spot rates for both the Capes and Panamaxes, suggesting there is some confidence for the medium-term once the Chinese holidays are over. In the mining markets, Fortescue announced a steep drop in net income for 2009 but reiterated claims that demand would outweigh supply in the current year. And a new report from accountancy firm Ernst & Young predicts 2010 will once again see lively merger and acquisition activity in the mining industry on the back of bullish demand forecasts. After a quiet couple of years in which ‘only’ US$60bn of M&A deals were completed (half by China), Ernst & Young predicts deal volume could return to 2006 levels of around US$175bn this year.
Supra/Handy
Although activity was slow on the Handy/ Supramax market last week due to the Chinese holidays, the market found its resistance level on Wednesday (bottoming out at US$21,215 for the Supramax 6TC) and thereafter the trend was upwards. From Monday to Friday, the Supramax index gained 2% and the 6TC closed the week at US$21,720. In the south and north Atlantic there was a lack of prompt tonnage, although it was the opposite in the Black Sea/Med area, where availability was higher than demand. As a result, in the Atlantic Supramaxes were getting pretty good numbers at about US$3233,000 for a time charter trip delivery west Africa via ECSA redelivery Sing/Japan, and about US$35,000 for a trip charter delivery NCSA redelivery Continent. There was very little reported last week for the Pacific market, and it was only near the end of the week that more enquiries were seen, for both spot and short period basis. However many players still chose to hold off and wait for the Chinese to return, in order to get a better feel of the market. In the meantime, more coal cargoes from Indonesia were seen (March dates), but sentiment remains cautiously bullish as more tonnage is expected to be available during the month.
Panamax
It was a pretty flat week for the Panamax market as Chinese players were celebrating the New Year, but overall there was still a positive tone as the index gained 168 points to 3,179 during the week. The general volume of business was obviously thinner and most of the business fixed was for 1 or 2 laden legs with spot deliveries. Atlantic cargoes were limited and rates for transatlantic rounds were in the region of US$25-27,000 depending on size and position. The fronthaul activity was really quiet and only Indian loaders could still obtain healthy numbers for time charter in the midUS$30,000s. The Pacific rates were negotiated in the low US$20,000s. Very few operators took the risk of fixing tonnage for short period in this very slow market, and instead are waiting to see what this week brings.
Capesize
Cape markets revived somewhat this week, and the four time charter average rose above US$30,000 once again. Overall the BCI rose 8% Friday-toFriday, with most of the gains seen on the trade into China. Although there has been no long term period since the middle of the month, short period activity continued to tick over at fairly robust rates. A 170,000 dwt vessel was reported taken for 4-6 month deal at US$37,000/ day, while there was a further report of US$41,000 per day for a 5-7 month charter. Rates dipped again on Monday however, and most players are watching to see how trade pans out in the coming days.
SOURCE: Barry Rogliano Salles
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
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