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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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Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
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- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
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