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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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Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
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Showing 5811 to 5815 news of total 6871 |
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- White Energy Company Limited
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
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