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Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
 Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. The latter may see a drop in activity in the coming weeks due to the Mississippi floods which are reported to be affecting current barge traffic. In the coal market, the newly active US coal export market warned future growth could be constrained by infrastructural limitations. The US coal industry logged exports of around 25m tonnes in the first quarter of 2011 but Xcoal Energy chief executive Ernie Thrasher said producers would be unable to export more with the current east coast terminal capacity. US coal exports have provided significant new tonne-miles for the dry bulk market as coal supplies have become tight, but it appears they will be capped at around 100m tonnes per year due to the current infrastructure.
Capesize
Although the drift is not significant, the Capesize recorded another week-on-week decline this week. The four time charter average finished at US$6,002, a drop of US$775 from the previous Friday, with the largest declines logged Aus-China, and Braz-China not far behind. There was a flurry of activity by the Australian mining groups, but there was ample tonnage to meet the demand and rates did not improve. The bearish sentiment was also evident in the FFA market with the Q3 contract losing 12% w-o-w to finish last week at US$9,036 and Cal 12 10% w-o-w. Monday was another typical day with the BCI sliding 19 points, with no signs of a severe drop but none of a major improvement either.
Panamax
In the Panamax market the BPI slipped by US$400 week-on-week. The Atlantic remained stable thanks to a good balance between cargoes and ships; even spot vessels managed to fix at good levels at close to US$14,500/day on the TA round. Out of ECSA, the market eased throughout the week and the fronthaul lost US$1,000 to close at US$22,500/day. Indian exports eased too and the Panamax rate Goa-China was close to US$13 pmt, down US$2 pmt from the previous week. The Nopac and Far East markets were quiet and by the end of the week the number of vessels had started to increase, pushing the NOPAC round closer to just US$12,000/day. Friday to Friday, the period market interest vanished and very few vessels were reported fixed – the market for a Tess 74 BPI type was in the low-mid US$14,000s/ day, a US$2,000 drop from a week ago.
Supramax/Handy
The Supra and Handy markets witnessed a steady flow of activity last week with barely 5 points difference between Monday and Friday for the Supras and just 1 point for the Handies. We saw a slight drop in the Supras in the Far East, which appeared to be linked to the drop in paper values. India -China voyages went for about US$14,500 even though some owners tried to resist and rated ships at US$16,500 for the same routes. Indo – India went for an average of about US$17,500/day. We still saw strong numbers such as US$30,000 from the US Gulf to the Far East.
The market anticipated an immediate impact from the floods in the Mississippi but this was not the case. Continent-Med trips went for about US$18,000 while ECSA-Cont went for US$28,000. The Med was nearly dormant for the Supras. Out of the Black Sea we started to see some Corn cargoes for the first time since May last year. The rates are still not the best as a few Handies were fixed at about US$6,000 for trips Black Sea-Cont and about US$9,000 Med-Cont. Handies went for an average of about US$20,000 for US Gulf– Cont voyages and about US$22,000 for Cont –Far East trips. On the period front, we noticed many ships who were willing to go for short period but not many takers. Supras went for about US$14,000 for 4-6 months delivery east Med redel Atlantic and another at US$15,000 same 4-6 months redel Atlantic. A Handy went for US$13,000 for 1 year period redel worldwide.
Source: Barry Rogliano Salles
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Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 111 MILLION) IN VISA POWER
Press Release - The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power ...
Tuesday, 26 July 11
UT'S SALES COULD REACH TO 8000 UNITS BY THE END OF 2011
COALspot.com - Sales of Komatsu heavy equipment in the domestic market in the first half of 2011 rose 59 percent to 4333 units compared to the same ...
Monday, 25 July 11
INDONESIA STATE ELECTRICITY COMPANY HAS BURNED 19 MMT OF COAL FOR FIRST HALF OF 2011
COALspot.com - Indonesia's State Electricity Company and other IPPs have burned 19 million tons of coal for first half of this year said,Pamudji Nu ...
Monday, 25 July 11
AKR CORPORINDO TO PRODUCE 0.3 MMT OF COAL BY DECEMBER
COALspot.com - PT AKR Corporindo (AKRA) began producing coal from its mine in Muara Teweh, Central Kalimantan. The company is targeting to pro ...
Sunday, 24 July 11
AN INDIAN PORT SETS A WORLD RECORD FOR CONVENTIONAL COAL DISCHARGE
COALspot.com - Krishnapatnam Port has set a World record for discharging 106,171 tons of steam coal in just 24 hrs using the conventional unloading sy ...
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- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- The University of Queensland
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
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