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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, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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