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Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
 Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The improvement was mainly due to a surge in demand from the big miners in the Pacific in the later part of the week. However the Capesize 4TC is now hovering around US$25,000 per day, the lowest point since the summer and well down on the average for the year.
In India, Karnataka ore sellers will have to wait until mid January to hear a decision on their bid to overturn the state’s export ban. This week India’s top court gave the state additional time to respond to the miners’ legal petition. The Federation of Indian Mineral Industries has already estimated the ban will reduce India’s ore exports by 38% to 66m tons in 2010. The Karnataka High Court earlier upheld the provincial government’s decision to halt shipments overseas.
Supramax/Handy
The Baltic Supramax Index went down by 57 points to finish at 1,613 points last week, while the average of the time charter routes lost about US$ 600 daily to finish at US$ 16,800 per day. The market was active in the Atlantic but many vessels were turning spot towards the week creating some downward pressure in all basins, mainly in the Black Sea and ECSA. Some support was maintained though as activity continued on sugar and grain due to requirements out of ECSA. Activity remained pretty firm in the USG/USEC region, the main commodities being grain, scrap and petcoke, trading mainly back to the Continent/Med range. On the smaller sizes, the Baltic Handysize index was steady, only gaining 9 points over the week to finish at 839 points, with the time charter routes gaining US$ 839 to reach US$ 12,300 daily.
The TARV was worth US$ 13,500 per day, whereas the Pacific round voyage traded close to US$ 11,000 daily. On the period front, a 58,000 dwt newbuilding fixed ex yard China for one year trading redelivery worldwide at a rate close to US$ 16,500 daily. Short period was getting fixed at US$ 16,000 daily for delivery Far East and redelivery worldwide. For the smaller sizes, Handysize are getting for short period basis delivery Far East numbers in the US$ 12,000 per day region.
Panamax
The Panamax 4TC average lost US$ 2,314 this week and closed on Friday at around US$ 16,000 per day. Rates seemed to be under pressure mainly in the east where Owners began revealing their tonnage in order to find employment over the festive period. Too few fresh cargoes here saw rates drop over US$ 3,000 during the course of the week.
The Atlantic remained firmer with a number of prompt ships and cargoes being covered, however there was an increased reluctance from the Owners to take their vessels back East. Atlantic rates ended the week at US$ 21,000 after dropping around US$ 1,000 on Friday which many attributed to more ships appearing open on the Cont/Med prior to Christmas. Short period activity was relatively scarce last week but a few fixtures indicated that short period levels were close to US$ 17,000 whilst a number of vessels were taken for a period of around two years at US$ 18,000 daily.
Capesize
A marginal increase in the BCI this week as activity in the Pacific picked up slightly on the back of miners’ interest. However this could not be maintained into the new week, and the index lost 50 points on Monday. This has now taken the 4TC down to below the US$ 25,000 per day mark, although some of the softness can be attributed to the wind-down before Christmas. Based on trading in the futures market, rates are expected to continue their drift down in 2011, with 1H 2011 looking slightly more optimistic still than second half. Ship deliveries have slowed at the year end, but we can expect a resurgence in January with many owners postponing their December deliveries to the new year in order to have the more attractive ‘2011 built’ tag.
Source: BRS
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Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
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- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
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