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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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Showing 5956 to 5960 news of total 6871 |
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- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
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