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Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
 The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has so far trickled down to the other sizes. The BDI gained almost 13%, while the BCI continued its remarkable performance climbing to 2,975 points, equivalent to a 27% gain w-o-w. The BPI and BSI lost a marginal 1.2% and 0.5%, while the BHSI was up by 0.5% to 670 points. Underpinning the increase in Cape rates, China reported record levels of import stockpiles Friday, at 95.59m tonnes. Imports originating from Brazil fell slightly against a week ago, but both Australia and India showed increases, with Indian imports rising 3.7% w-o-w.
Capesize
Another exceptionally strong week for the Capesize market, taking the BCI up to 2,975 points and the 4TC to $23,899, a rise of 43% and the highest levels seen since December 2010. A surge of incoming cargos was the reason, helped by firming steel demand in Asia, in particular China and Japan. Although gains were apparent across the board, Aus -China and the Atlantic slightly outperformed Braz-China. The newfound optimism, at least for the next month or two, resulted in more period enquiry. A one -year period deal was reported for a 2010built 176,000 tonner at $14,000 with delivery China mid September. Meanwhile a 175,000 tonner was reported booked in the Pacific for 5-7 months at $19,000. October FFA prices were trading Friday at $19,255, compared to just $14,325 a week ago.
Panamax
There was a marginal drop of -$153 on the 4TC Panamax w-o-w as the Atlantic softened by -$861, however this was balanced mainly by the Pacific basin’s increase of $485 w-o-w. This overall drop had little effect on paper which posted gains across the curve for the week, mainly driven by the dramatic increase in Cape paper prices. The increased activity and gains displayed on the Cape market did not filter into the smaller sizes in any significant way. In the Atlantic there was limited fresh enquiry whilst growing open tonnage gave impetus to a softening of rates throughout the week. The Pacific on the other hand did realise gains over the week mainly on the back of spot fixing for Indonesia and Australia cargoes, which extended through to increased short period business being concluded also. The short period market for Panamax LME delivery North China firmed up a bit during the week from $13,800 to $14,500 end of the week reflecting a more positive sentiment for the coming months.
Supramax/Handy
Not much excitement going on in the market this past week. We hope/expect that the activity will start picking up now that summer is over and everyone has returned from vacation. For Supras, the Baltic Index lost 7 points to finish at 1,379, whereas the TC average decreased by $74 to finish at $14,489. Modern Supras were fixed from the USG to the Far East in the region of the high $20,000s, and in the mid $20,000s to the Med. From the Continent, modern Supras were fixed to the Med somewhere in the mid/ high $10,000s. For the smaller sizes, the market remained pretty much steady last week for Handies, with the Baltic losing 1 point and finishing at 670. The TC average for Handies increased by $8 to end the week at $9,945. From the USG, Handies were fixed to the Med in the mid $10,000s and in the low/mid $10,000s for a trip ex ECSA to the Med/Black Sea area. From the Cont a trip is a touch under $10,000 for NCSA destination.
In the East, Supras were fixed around $13,500 for dop China via Indonesia redel Far East. Supras open China were fixed around $8,500 for trips via Indonesia to East Coast India. The Aussie round was fixed a t o u c h b e l o w $ 1 0 , 0 0 0 . On period, modern Supras were taken in the Far East for 4/6 months around $15,000 with redelivery worldwide.
Source: Barry Rogliano Salles
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Friday, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
Friday, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
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- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- The University of Queensland
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
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