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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 $15,000 from ECSA to Cont, while USG remained quiet. Activity in the Atlantic was also sustained in the Atlantic with more cargo out of the Black Sea.
Source: Barry Rogliano Salles
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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 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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- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
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