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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, 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 ...
Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
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Showing 5216 to 5220 news of total 6871 |
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- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
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