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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, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
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Showing 5911 to 5915 news of total 6871 |
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- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- The University of Queensland
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
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