We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI managing to post small gains of 0.72% to reach 1,259 points. While, these levels are among the lowest this year and by far the lowest since the start of 2009, demand seems to be picking up recently, especially for thermal coal cargoes. As a result, the Panamax market, which had been severely suffering lately, finally managed to get up to speed and post increases of 2.05% on a daily basis, with the relative Baltic Panamax Index (BPI) reaching 1,392 points. On a similar note, the Capesize market ended on positive territory yesterday, reaching 1,566 points, up by 1.29%. Still, average earnings for the heavily oversupplied Capesize segment of the market, remain below break-even levels and well below this year’s forecasts by leading investment and shipbroker firms.
According to the latest weekly report from shipbroker Fearnley’s, as expected the end of last week was quiet for the Capesize sector, due to the Easter Holidays. “This working week started flat, but a flurry of activity on the Pacific drove the rates back up to the upper usd 7.00 mark for West Australia/China. Activity on front haul has been limited but a fixture has been reported at a usd 19.80 for Brazil/China which is a welcome rise on this route. Period has been dominated by owners re-fixing vessels prematurely redelivered off long Charters, thus pushing the level for 12 months down to usd 12k´s. Longer term charters have been concluded on 206kdwt vessels at usd 20k for 5 years. The Atlantic market remains very quiet despite low coal stocks on the Continent. The index has remained largely flat but with a slight positive trend” said Fearnley’s.
Commenting on the Panamax market it mentioned that it has been oversupplied with tonnage, both in the Atlantic and the Pacific lately, although activity picked up towards end of last week and cleared out some of the tonnage overhang. “The market remained nervous early this week as well, as most of Europe came back from Easter holidays. Rates in Atlantic remained more or less the same with TA´s around USD 10-12k, and fronthauls fixed in the USD 20k region. The Far East remained over-tonnaged with rates around 8-10k, but mid week activity and rates indicated signs of some recovery. Period business vague but all the way down to mid 12 for 4-6. The FFA market traded stronger and volumes fair” said the report.
As for the Handy/Supramax markets, “in the Atlantic, little changes in rates and a very quiet start to the week. Not many fresh enquiries - it seems Owners and Charterers try to figure out which direction the market will take. A further bank holiday on Monday, England, will surely affect the market with consecutive short weeks – traders will most probably stand by. We expect more enquiries to hit the market in the next weeks (from mid-May?) but will this be enough to stop it from declining and absorb the ever increasing spot tonnage in the Atlantic? The market will remain volatile and positional. Pacific market remains quiet. For Indo-India, Supras in N.China get close to 13k. WCI-China rates slided to 15k - from ECI around 14k, but few ships seen ballasting to Indonesia as not much cargoes ex-ECI. Red Sea, ferts on Hmax/Supras are fixed at very mid 20´s pmt on voyage basis to WCI. Not too much activity on short period as market bit volatile and speculative and hear index type vessels fixed at midteens” concluded the shipbroker.
It also noted the increased newbuilding activity during the past week. Fearnley’s reported increased investments in the container and LNG sectors. In total, 27 container vessels, plus options, have been contracted over the last two weeks. “Seaspan Corp. has placed a huge newbuilding contract at STX for 10 firm plus 10 optional 14,000TEU container vessels. This order comes only few weeks after ordering a series of 10,000TEU vessels at the Yangzijiang shipyard in China. We see great activity in the LNG sector and expect more orders to come over the next few weeks” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
|
|
|
Showing 5271 to 5275 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
|
| |
| |
|
