We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
 It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall the BDI slipped 3% Friday to Friday. In the ore market, China announced November imports of 57.3m tonnes, a 25% increase on October. However traders said October’s figures were distorted by the National Holiday during the month, which had pushed many normal shipments into September. November’s increase could also be explained by stockpiling ahead of January’s anticipated rise in ore prices, which are reported to be set 7.6% higher for first-quarter 2011. Total Chinese ore imports for Jan-Nov stand at 560.6m tonnes, down 0.9% from last year.
Supramax/Handy
The BSI continued its way up, with an increase of 4.8% during the week. The average of the TC routes closed at US$17,458 on Friday while the BHSI gained 2% with the average of the TC routes reaching US$12,150. The end of year rally is still in force with shippers/ charterers willing to have bills of lading dated in December. Supramaxes were getting fixed at about US$24,000 per day dop French Atlantic, redelivery India routing via Cape of Good Hope, with a premium of about US$2,000 for routing via Suez/Goa, where Transatlantic Round voyages are paying about US$20,000 daily. Out of the USG, Supras are getting fixed at around US$30,000 daily for a TC to the Med while a trip out is worth US$35,000 with redelivery Far East. The Pacific market climbed up a shade for the Supras, and they are now getting about US$16,000 per day for Indo to China. TC rates on WC India also climbed consistently to reach close to US$18,000 levels. There are numerous iron ore parcels now in the market, however the TML issue still persists. Volumes of coal from Indo to India have also increased. The market looks to remain firm for this week too, as shippers aim to move as much ore as possible.
Panamax
It was a slow week for the Panamaxes, although the Atlantic started strong. Overall the BPI dropped 1% and the 4TC average fell the same amount to finish the week at US$18,873 per day. Despite the unusual conditions in India, TC levels for Panamaxes from west coast India to China remain firm in the low US$20,000s level. A few cargos have been delayed due to the recent rainy conditions in Goa. Iron ore prices remain firm with a lot of buying/stockpiling by the Chinese. Although traders believe prices could go up in January, many experts do not echo these thoughts. Instead they believe prices may come off as construction activity eases off in northern China due to winter weather conditions, and stockpiles are sufficient. Goa/China freight levels on Panamax are at about US$16 pmt levels. TC levels may come under pressure as a lot of tonnage is expected open end December dates on the west coast.
Capesize
Another sharp drop for the Cape market this week, with the BCI dropping 9% and the four time charter losing another US$3,500 to finish on Friday at around US$25,300 per day. Rates are now at their lowest level since August. Widespread availability of tonnage remains the main problem. Atlantic markets lost the most during the week, seeing a market correction after their recent strength. The Pacific was the least affected although there are signs of several deals now in the US$8.30- US$8.50 range. The BCI fell another 30 points on Monday with few signs of an increase in cargo demand in the run-up to the holidays.
Source: BRS Dry Bulk
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
|
|
|
Showing 5446 to 5450 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Planning Commission, India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
|
| |
| |
|
