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Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
 Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gaining almost 3.5% and 6% w-o-w to 2,115 and 1,684 points respectively.
Conversely, the Supramax and the Handies lost about 2.2% and 1.8% respectively, falling to 1,277 and 699 points. Despite the supposed end to the Karnatake ore export ban, it will be some time before India’s exports return to normal. The Federation of Indian Mineral Industries this week predicted exports would reach between 70-75m tonnes in the current financial year, compared to 95 million tonnes in 2010/11, and 117m tonnes in 2009/10.
FIMI attributed the decline to the ongoing delay in lifting the ban, plus higher export duties and rail freight rates. India also faces another possible tax in the form of a royalty sharing mechanism.
Capesize
Another firmer week for the Capes, with the 4TC rising $748 to just under $14,000 at close, and the BCI touching 2,115 points. The Pacific showed strong gains and $8.50 was recorded for Hedland-Qingdao with one fixture reported at $8.75, while TubaraoQingdao reached $20.70. Tonnage was again tight in the Atlantic, though both basins softened at week end. Friday saw the 4TC’s first loss in June, and sentiment seems braced for further declines this week. The effect on paper prices was a $875 and $585 increase on July and 3Q prices. $12,000 per day appeared to be the going rate for 4-6 month charters by close. The 4TC fell $420 on Monday.
Panamax
After a sluggish beginning to the week, a marked improvement was recorded in the latter half across both TA and Fronthaul markets, with the 1A and 2A indices recording increases of $1,142 and $980 respectively between 01/07/2011 and 08/07/2011. Sentiment improved on the back of increased cargo volumes and a tightening of prompt tonnage in the Atlantic, with TA rates hovering around $16,000 and Fronthaul levels steadying around low $20,000’s per day.
Indeed, the Atlantic basin has appeared more supported in recent days, as opposed to the Pacific which came under a great deal of pressure the previous week due to stubbornly high levels of available tonnage. A number of short period fixtures were reported in the East this week for 4/6 months in the region of $12,500 per day; however overall sentiment continues to remain cautious in the face of a long list of open ships in the market, with only slight improvements seen in spot Pacific spot rates.
Supramax/Handy
The Supramax market followed the trend of the previous week. The BSI lost about 2% from Friday to Friday, the average of the TC routes closing the week at $13,356. In all areas the market is softening. Supramaxes are getting fixed in the mid/ high 20s for petcoke out of the US Gulf with redelivery Med, whereas for redelivery Far East same units are obtaining low 30s. Supras were fixed at about $15,000 delivery West Africa via ECSA with redel Skaw/Passero range and in the low 20s for redelivery East. The Pacific has been rather quiet over the last week.
The number of Supramax stems for Nopac and Aussie rounds remain scarce. The number of nickle ore and coal stems has also dwindled. Indian exports of iron ore have all dried up on the west coast with the monsoons, but a handful of stems are now visible along the east coast. The movement of coal into India however has been constant. On the short period front, Supras are being fixed at $15,000 for 3 to 5 months delivery Med with redelivery Atlantic, while levels are around $13,000 for delivery Far East with redelivery worldwide.
Source: Barry Rogliano Salles
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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
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