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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
|
|
|
Showing 6146 to 6150 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
|
| |
| |
|
