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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$41,000 per day for a 5-7 month charter. Rates dipped again on Monday however, and most players are watching to see how trade pans out in the coming days.
SOURCE: Barry Rogliano Salles
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Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
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