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Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
 A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there was continued optimism in the coal markets with China expected to be a net importer again in 2010.
Rising ore prices continue to put pressure on buyers to find new suppliers and China’s largest metals trader Minmetals Corporation confirmed it had started due diligence on several iron ore projects in Mauritania. Senegal also reported it will offer China 3.5bn tons of iron ore reserves with iron content of 63%. On the supply side, vessel deliveries continue to climb, with approximately 80 Capes, 25 Panamaxes, 75 Supramaxes and 60 Handysizes delivered so far this year. Interestingly the pace of delivery has accelerated significantly for the Capes and Handysizes, but remains modest for the Panamaxes where deliveries this year are just 15% higher than the last six weeks of 2009, helping keep Panamax rates firm.
Supra/Handy
The Supramax Atlantic market has been relatively busy throughout the week. The USG basin firmed up with some fresh requirement and only a few ships available, pushing the USG/Cont route over US$ 43,000 per day (more than a US$ 3,000 w-o-w increase). Scrap stems keep the Cont busy. ECSA market was steady as well and grain traders had to pay a good premium for April loaders. However with fewer iron ore exports out of WC India, ships are now ballasting toward ECSA. The Handy Atlantic market also rose, especially the ECSA/Cont route which gained more than US$ 1,500/day to finish the week just below US$ 31,000/day. In the Pacific, the Supra market was still softening. The ECI/China route lost almost US$ 3,000 per day and closed Friday at about US$ 28,500.
The Indo/China and Nopac routes improved in the middle of the week but lost all gains Thursday and Friday to close the week at very close to US$ 23,000. Short period market is now worth around US$ 25,000/day for TESS 52 delivery N China.
The Handyside market was firm and gained US$ 500 per day thanks to a good coal activity out of Indonesia.
Panamax
The Panamax market witnessed a small increase on the week, with the BPI rising 82 points and the average of the 4 timecharter routes gaining US$ 673 overall. However, rates in the Atlantic appeared a little ‘toppy’ towards the end part of the week with little fresh enquiry to report and limited activity in general, while the Pacific was still being largely held up and supported by the continued east coast south American grain exports.
This saw levels holding steady in the low-mid US$ 30,000s region for vessels delivering in the Far East. Short period rates in the east remained steady at around the US$ 32,000 level despite a lack of activity on the period front.
Capesize
A flat week for the Capes with only the Brazil/China run showing any real improvement. Freight rates on this route were up to around US$ 24.50 by the end of the week, but Australia-China showed no perceptible change. Overall the BCI recorded a slight gain of 3% to reach 3,071 points, while the four time charter average finished at US$ 26,250. FFA rates meanwhile dipped slightly for 2010 trading, although there was a small improvement in 2011 prices, and the physical market also saw the return of some period business, and a 171,800 deadweight vessel was reported booked at US$ 32,000 for one year. There was little clear direction in the market however, and rates came off again slightly on Monday.
Source: BRS Dry Bulk
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Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
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- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Planning Commission, India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- White Energy Company Limited
- Australian Coal Association
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Romanian Commodities Exchange
- The University of Queensland
- Videocon Industries ltd - India
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