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Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
 A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the start of the week. The Capes fell by the largest margin, losing 26% on the BCI, but there were losses in all sizes. Going forward, period rates in the Panamax market were holding up but there seemed less optimism in the Cape market where the few short period deals concluded were at much softer rates. In the coal market there was some concern Chinese demand could ease in the third quarter as the government attempts to cool the economy. However there was more evidence this week of longhaul imports which will boost tonne miles for the shipping industry. India has reported more coal imports from Colombia, which is now offering a delivered cost of about US$92/ton, compared to US$110/ton from South Africa. India is expected to report another jump in coal imports this year, after doubling its demand in 2009.
Supramax/Handy
Handies and Supras are retreating in good order. But it seems to be more psychology than anything else since overall the market has become very quiet. The Pacific in particular seems to be in disarray with plenty of tonnage open there. There are few alternatives but to ballast over to more benevolent waters. Nopac round voyages are now hovering around US$18,500 for index types The Atlantic is also easing, particularly in the south which is still under the pressure due to ballasters from India. The Mediterranean is not seeing much activity either and ships are ballasting towards the USG or Continent where a few scrap stems are keeping that part of the world lively. Rates for Atlantic round voyage are currently yielding around US$22-23,000, which is down from more than US$30,000 some 10/15 days ago.
Panamax
Unlike last week, the biggest fall registered in the market this week was in the Far East. On average the 4TC lost US$3,000, closing the week at US$24,000 per day, but the Nopac route lost over US$5,000 week-on-week falling from US$25,000 to less than $ 20,000 per day on Friday. On the other side, the Atlantic market managed to stay ‘relatively’ steady with a majority of Panamaxes fixed at around US$27,000/day for a TA rv, down from the US$28-29,000 the previous week. The ECSA remained active and attracted a good number of ballasters, even if the Far East/ECSA/Far East route did ease by US$2-3,000 for a normal Tess 74, which fixed at around US$25,000 delivery India, and just below US$20,000 delivery north China. There was little period activity in the Atlantic and Tess 74 delivery north China were fixed for short period at around US$22-23,000/day, down from US$27,000.
Capesize
A combination of holidays in China and expectations by charterers that rates would continue to fall meant it was a quiet week in the Cape market. Rates dropped accordingly, and the BCI finished on Friday at 3,134 points, down more than 25%! The time charter average is now back below US$30,000 at US$29,500/day. In the paper market, fourth quarter rates remained stable at around US$30,000 but 3Q is now trading below that. The 4TC lost another 10% on Monday with plenty of tonnage available. However with rates this low, the mining groups are expected back in the market soon.
Source: BRS Dry Bulk
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Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
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- Xindia Steels Limited - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- The University of Queensland
- Wood Mackenzie - Singapore
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