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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, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
" ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- The University of Queensland
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
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