We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
 There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets saw large spikes driven by activity in the Atlantic and a tight tonnage situation saw charterers offering high rates in order to pull ships over from the east. The Panamax market remains strong and the BPI continues to outpace the BCI. The big news of the week was in the coal market where BHP Billiton announced a new, shorter term pricing structure for a “significant portion” of its hard coking coal volumes for 2010. This will replace the benchmark pricing system, and takes advantage of current high spot rates. BHP said it had reached an agreement with a range of customers throughout Europe, China, India and Japan. According to reports, it has already struck a deal with Japan’s JFE Steel for the three months starting 1 April at US$200 per tonne. This represents a 10% discount on the current spot rate, but a 55% premium on last year’s benchmark price.
Supra/Handy
In the Atlantic, the week started with a firm Handysize market due to the lack of tonnage in the USG area and a surge in grain and sugar cargoes out of ECSA. The ECSA/Cont route rose almost US$2,000/day to close at around US$27,000/day and USG/ Cont firmed up to the low-mid US$30,000s for Cont destination. We even saw some ballasters coming from the west Med, getting close to US$19,000 for ECSA round voyage. In the Supramax market, conditions slowly but surely firmed in the middle of the week due to busy conditions in both the ECSA and USG. Supramax were getting fixed close to US$40,000/day for USG/Cont trip and about US$25,000/day for WAF/Cont-Med trip via ECSA. This activity pushed operators to take some Supramax tonnage for short period at low-mid US$30,000s for 3/5 mos redelivery worldwide. In the Pacific, the market improved steadily in the early part of the week with the Indian market as the main catalyst. However this trend was short-lived. We saw a spike in period enquiries with several vessels fixed on subjects in the upper US$20,000s for short period and low US$20,000s for 1-yr period, though we understand most did not manage to lift subjects. In the Nopac area, owners were asking mid US$20,000s for trip but few charterers were willing to pay.
WCI Supra were fixed in the low US$40,000s and ECI candidates were negotiated in the upper US$30,000s. A Handymax open ECI was also reported fixed at around a healthy US$28,000 for a RBCT round voyage.
Panamax
A busy week of fixing in the Panamax market ensued as rates rose sharply for a second consecutive week. The BPI witnessed a rise of 604 points and US$4,873 on the 4 time charter average as the market firmed across the board. Rates in the east jumped up dramatically with rates hovering now in the low US$30,000s, helped by a large appetite for short period of up to 1 year. There were a host of fixtures concluded, and short period rates are now in the low US$30,000s while 1-year rates are in the upper US$20,000s. Tonnage remained tight still in the Atlantic, pushing rates up further and here we saw charterers picking off open tonnage in the Far East for USG and ECSA round voyages, adding even more momentum to the Pacific market.
Capesize
A busy week saw Capesize rates leap upwards again and by Friday the four time charter average was back hovering below the magic level of US$40,000 a day. A very tight Atlantic market saw some charterers struggling to find tonnage and rates had to rise sufficiently to attract ships from further afield. Overall the BCI rose 24% to 3,900 points, while the 4TC rose from US$28,370 to US$37,800/day. In the event, rates appeared to peak on Friday and Monday saw levels fall back. However with demand still strong for early tonnage in the Atlantic, and FFA prices at around US$37,700 for second-quarter trading, it seems the market is quite tightly balanced.
Source: BRS
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
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 ...
|
|
|
Showing 5971 to 5975 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
|
| |
| |
|
