We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
|
|
|
Showing 6046 to 6050 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
|
| |
| |
|
