We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
 A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge in the BCI to 2,220 points. The BCI has traded over 2,000 points for only 17 days this year. In the smaller sizes, there was less change, with the BPI and BSI rising 6% to 1,609 and 1,338 respectively. Finally the Handies saw marginal change, rising just 6 points to 648. An item in the Indian press reported that Coal India had overtaken oil and gas group Reliance Industries as the country’s most valued company. According to the recently published BP Statistical Review of World Energy, coal represented 53% of India’s fuel consumption in 2010, while oil and gas together represented just 40%. Analysts confirmed as long as India continued to grow so would coal demand, with the government saying consumption could triple in the next two decades to 2bn tonnes.
Capesize
An increase in cargos and a lack of available tonnage combined to push Capesize rates up sharply this week, with the 4TC reaching $15,136, a rise of over 40%. Atlantic and fronthaul trades both showed double digit gains, with BrazilChina exceeding $23 per ton by the close of the week. The Pacific was the only ‘loser’ with rates rising only 9% to close at just under $9 per tonne. All indices rose again on Monday, indicating there is faith in a further strengthening in rates, on the back of expected fresh cargos. In the FFA market, rates moved up by 6% for Cal 2012 to just over $13,000 per day but the biggest increase was shown for September trading which finished the week at over $15,000 per day.
Panamax
Last week the Panamax market remained quiet and almost flat with very little fresh activity reported. However, freight rates kept rising slowly, following the Cape trend. The spot index posted a shy US$500 gain over the week with the Pacific basin recording the higher rise (P3A +US$870/day). Meanwhile, open tonnage stayed unchanged in the Atlantic but built up in the Pacific so the picture for the coming days is still unclear. The Transatlantic round voyage was traded in the $14,000/$14,500 range at the beginning of last week in a very quiet market due to major Orthodox/Catholic bank holiday. Positive sentiment was shared among players after this slow start, pulled by a booming Cape market. That said, as oversupply has absorbed every single fresh cargo over the last weeks, this slight recovery is not seen as a sustainable one. Fronthaul market was almost muted in the first part of the week but showed some colours finally, with an Aughinish to Far East fixture via US Gulf done in the mid $20,000. In the Pacific, tonnage was tight early on then picked up again in a rising market. Market was active with a fair number of fresh cargoes out of Indonesia. Indonesia round voyage was trading at around $9,000/$9,500 at the beginning of the week and broke $10,000 Friday. Short period also rose by about $1,000 with much interest from charterers bidding $12,000 for 4-6 months. One could say that the next market direction is still unclear as open tonnage is rising while the index was doing the same, along with the FFA market. It is the same story today with freight rates (physical and paper) pushing while open tonnage keeps building up. These contradictions cannot last forever…
Supramax/Handy
The Baltic Supramax went up 113 points to finish at 1,338 last week, while the average of the time charter routes gained $870 to finish at $13,989 per day. Far East was very active with Supras fixing Aussie round delivery China at $13,000 per day. In the Atlantic, USG to Med with pet coke has been fixed at $27,250 daily, while trip to Far East were fixed close to $30,000 daily. The activity was supported in the Far East by interest in short period redelivery worldwide around $14,500 daily. In the smaller sizes the handy Baltic Index went up to 6 points to finish at 648 with the time charter route gaining $97 per day to finish at $9,552. Far East mainly drove the increase of the Baltic index with several vessels fixed close to $11,000 daily for Aussie round. Compared to last week the Atlantic basin remained firm with Handysizes rating at $15,000 from ECSA to Cont, while USG remained quiet. Activity in the Atlantic was also sustained in the Atlantic with more cargo out of the Black Sea.
Source: Barry Rogliano Salles
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
|
|
|
Showing 5056 to 5060 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Bhatia International Limited - India
|
| |
| |
|
