We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
|
|
|
Showing 5931 to 5935 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Parliament of New Zealand
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Planning Commission, India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
|
| |
| |
|
