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Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
 Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losing 8% to 1,764. There was little change for the smaller sizes, with the Supras flat at 1,322 and the Handysizes coming off slightly by 1.5% to fall to 721. In the steel markets, markets recorded a drop in global crude steel production in May of 1%, the first fall in three months. Declines in China were the main driver, and production is expected to slow further in the third quarter due to the country’s energy shortages. However with an annualized production rate of around 710m tonnes, output still remains significantly higher than last year’s 626m tonnes. Meanwhile in Europe, it was confirmed European buyers are now maintaining lower inventories in the wake of the financial crisis. Prior to 2007, inventory volumes were typically equivalent to 90 days of sales, but have now fallen closer to 60 days.
Capesize
A busy period in the Atlantic and Australia saw a second week of rate rises for the Capes: the BCI rose 8% to 1,974 points, while the 4TC rose to US$11,571 by week end. This 8% increase was replicated on both the Atlantic routes and Pacific and Bolivar-East Med rose to $13.50, while Hedland-Qingdao rose to $8.45. It was much quieter out of Brazil and rates rose more modestly there to around $20.50. In the FFA market, paper rates also rose with the physical market and by Friday close, Q3 and Q4 were trading at $10,808 and $11,808 respectively.
Panamax
The Panamax 4TC average went down by US$1,200/day closing the week at US$14,125/day underlying a quietness in all basins. East of Suez, the Indian ocean was still impacted by the monsoon and kept quiet and flat: Panamax out of WCi to China were paying $ 12/12.5 pmt. The Iron ore price market decreased this week on the back of a seasonal quiet Q3 and on very important iron ore stock pile at main Chinese ports. The nopac route went down by more than US$ 2,000/day with ships getting fixed at US$11,500/day. In the Atlantic, the tightness of tonnage was still supporting the market and we notices a drop of only US$1,000/day Friday to Friday. The USG was still active on coal export and the ECSA with grain mainly for trip out, paying still healthy number (mid 20’s + 550bb). On the period front the market was very quiet. The short period round for a LME dely Nchina redel WW was paying low 14’s pday.
Supramax/Handy
The Baltic Supramax Index went up by only 1 point to finish at 1,320 points last week, while the average of the time charter routes stayed steady to finish at US$13,800 per day. The market was active in both Atlantic and Pacific basins. In the Atlantic, Supramax tct from the USG to skaw/passero was getting fixed in the high US$20,000 daily delivery USG. Grain and sugar were still pushing hard in ecsa. Supramax were fixed for trip out at rate in the very low US$20,000’s daily dely Wafr region. TARV was showing rates in the high teens. In the Pacific, rates remained flat in the Far East/sS.E.Asia region, where levels are standing in betwteen US$8 and 10,000’s daily. Vessel s were getting fixed in the low teens on t/c basis Indonesia to India. One can see a general trend on vessels opening in India with owners still preferring to fix rbct coal and ECSA business back to the far east. On the smaller sizes, the Baltic Handysize index went down by 15 points to finish at 719 points with the time charter routes losing US$200 to reach US$10,700 daily. The Atlantic is firmer than the Pacific and the TARV is worth US$12,000/day today, whereas the Pacific round voyage is worth US$9/10,000 daily. On the period front, a large 57k dwt recently built fixed for 3/5 months trading delivery feast at US$13,500 daily with worldwide redelivery.
Source: BARRY ROGLIANO SALLES
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Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 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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Showing 5171 to 5175 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- White Energy Company Limited
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
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