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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Planning Commission, India
- Australian Coal Association
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
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