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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$41,000 per day for a 5-7 month charter. Rates dipped again on Monday however, and most players are watching to see how trade pans out in the coming days.
SOURCE: Barry Rogliano Salles
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Australian Coal Association
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
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