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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, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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 h ...
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- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
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