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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 April 11
KEWESPO CALLS FOR 765KT OF THERMAL COAL
COALspot.com - South Korea's East-West Power Co's (KEWESPO) has issued a tender to buy total 765,000 tonnes of thermal coal for delivery between J ...
Wednesday, 27 April 11
HARUM ENERGY TO PAY RP 659.1B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miner Harum Energy is planning to pay out Rp 659.1 billion (US$76.46 million) in dividends this year ...
Wednesday, 27 April 11
TSIS $5 MILLION PLANT TO START PRODUCING UPGRADED COAL - THE JAKARTA POST
The Jakartapost reported that, PT Total Sinergy International (TSI), in association with Agritrade Resources Limited of Hong Kong, will upgrade its ...
Wednesday, 27 April 11
RAIN CONSIDERS COAL MINES TAKEOVER - INSIDER STORIES
Indonesian's tenth largest coal miner in term of coal concession, PT Resource Alam Indonesia Tbk (KKGI), is considering to acquire several coalmine ...
Wednesday, 27 April 11
DRY BULK MARKET LACKS ACTIVITY, RATES KEEP RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Easter Holidays for a large of the world now behind, the dry bulk market kept lacking activity on Tuesday, which led the Baltic Dry Index ( ...
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- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- ASAPP Information Group - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Australian Coal Association
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
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