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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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Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry ...
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
COALspot.com - Indonesia shipped 28.962 Million tons of coal in May 2011, up by 15.86 percent compared to April export of about 24.995 m ...
Tuesday, 21 June 11
SURGE IN PRODUCTION AND PRICES TO PUSH BUKIT ASAMS NET PROFITS ABOVE RP 3T - THE JAKARTA GLOBE
State-owned coal company Perusahaan Tambang Batubara Bukit Asam expects its net income to increase about 50 percent this year on the back of rising ...
Tuesday, 21 June 11
COURT BATTLE PUTS MASSIVE COAL PROJECT IN JEOPARDY - KOREA JOONGANG DAILY
As Korean companies race to exploit Indonesia’s abundant natural resources, two companies have been locked in a court case that has become so ...
Tuesday, 21 June 11
DRY BULK MARKET TURNS RED AGAIN ON VESSEL OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk entered this week on a negative turn, with the industry’s benchmark the Baltic Dry Index (BDI) retreating by 0.35% to end the ses ...
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Showing 5216 to 5220 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- The University of Queensland
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
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