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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, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
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- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
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