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Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
 A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day however, and average rates this year are still higher than in 2005 and 2006. Continued strength in coal demand is underpinning this market. This week Deutsche Bank predicted thermal coal would be the next booming cargo for Australia. Simultaneously Russia reported a tenfold growth in coal exports to China in 1Q 2010. Tight coal markets may be further affected by conditions in Indonesia where a combination of growing domestic demand and new environmental limitations could curb exports. According to a government spokesman, domestic coal demand could double in the next five years as the country adds new powergenerating capacity.
Supramax/Handy
The market softened at a steady pace in both basins, although Handies in South East Asia and the Far East showed more resistance. There were fewer and fewer requirements coming out of ECSA for the larger stems. Supramax units open South Africa managed to get close to midUS$30,000s from West Africa to the Far East via Brazil, and about US$26-27,000 for trip ending Continent/Med via ECSA. Handymaxes got in the low/very low US$20,000s for South Africa to Continent direct. Large units open USG took also a hit, which deteriorated after force majeure was declared at Jose terminal due to a belt breakdown. Nevertheless, tct from USG to Continent/Med paid in excess of US$50,000 at the start of the week and then below US$50,000 end of the week. The transatlantic rv was in the low/mid US$30,000s for Supras. In the Continent and Med, some Handymax scrap cargoes were fixed from ARA to east Med in the mid US$30,000s on time charter equivalent. In the Pacific, India rates kept softening and iron ore stems paid in the low US$20,000s from WCI to China. Indo to India paid in the mid US$20,000s for Supras while the Pacific rv was in the low US$20,000s. There was little to report on the period front, but for deliveries in the east levels were in the mid US$20,000s for up to 6 months on Supras, and low US$30,000s for 4/6 months for Supras in the Atlantic.
Panamax
The Panamax market maintained a downward trend in both basins, falling at a steady pace. The Transatlantic rv lost US$3,500 to close the week at about US$37,000/day delivery Gibraltar redelivery Cont, and the NOPAC rv lost over US$3,000, closing the week at about US$26,500/day. The main reason was the lack of activity in the USG/USEC and a quiet ECSA market which took advantage of an oversupply of ships in SE Asia and India with Tess 74 getting fixed at below US$30,000/day delivery Singapore for trip via ECSA with redelivery PG/Japan range. Period activity was quiet this week with very few fixtures reported. Tess 74 were fixed for short period delivery Atlantic at around US$37,500/day redelivery Atlantic, and US$27,000/day delivery North China redelivery worldwide . Both basins were down US$5,000 from 2/3 weeks ago.
Capesize
There was a strong start to the week for the Capes with some of the previous week’s gains in the Atlantic transferring over to the Pacific. At its peak, Australia – China was being done at over US$14. Conditions were still relatively tight in the Atlantic and the 4TC finished the week above US$55,000/day. However rates were falling by the end of the week and overall the BCI finished down 2%. There were more signs of a softening on Monday with a drop of over 200 points, while period interest was scarce, with the paper market trading at a significant discount to the physical.
Source: BRS Dry Bulk
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Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
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Showing 5811 to 5815 news of total 6871 |
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- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- PTC India Limited - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- The University of Queensland
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
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