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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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Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
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- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Aditya Birla Group - India
- Australian Coal Association
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
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