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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
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Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
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Showing 5511 to 5515 news of total 6871 |
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- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- The University of Queensland
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Central Java Power - Indonesia
- Indian Energy Exchange, India
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