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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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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
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Showing 5971 to 5975 news of total 6871 |
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- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- PTC India Limited - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
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