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Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
 The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as follows: the BDI at 2,153 points (-0.9%), the BCI at 3,566 (-0.6%), the BPI at 2,026 (-2.8%), the BSI at 1,607 (+0.8%) and the BHI at 826 points (+0.5%). Falling iron ore prices continued to prompt discussion, as Chinese steel prices also fell to a 10-month low last week in response to moderating construction demand. Recent steel prices have prompted some Chinese producers to cut output or bring forward maintenance. 62% fine CFR Tianjin finished the week at $142.6 per tonne. The cash price of ore has not traded at less than $140 per ton since September 2010.
Capesize
Despite the Coaltrans conference in Madrid, and the near one-year high achieved by Capesize rates the previous week, there was no major correction in the market. Overall the BCI came off just 0.6%, while the four time charter average only budged $324 to finish at $30,975. Regionally, Tubarao-Qingdao rates actually rose, and a mid November cargo was reported at $30 per tonne, with plenty of activity in both basins in the second half of the week. Paper rates meanwhile saw significant gains over the week, suggesting confidence for the short term is there. November and Q4 contracts recorded gains of 12.6% and 9.8% respectively w-o-w. Monday saw more positive signs, with the 4TC rising $437, compensating for the losses of the previous week.
Panamax
The Panamax market was strong last week with ‘high’ rates seen until midweek. The end of the week was relatively quiet, and it was the same for the start of the new week. Both TA and Pacific RV kept improving and respectively reached $18-$18,300 and $15,600-$15,800 on Wednesday, with fronthaul rates reaching up to $26,500/day. That said, the market marked a pause with tonnage building up in the Atlantic and Pacific. Fronthaul was reported in the $25,500 region and TA was hovering in the $17,800-$18,000 area. The market now appears to be topping out. The only market which remained tight the whole week was the Indian market with very little tonnage available for WCI to China trip. We are now expecting a drop in rates as a fair number of ballasters from the East could hit the Atlantic market very soon, so a weak second half of November is predicted, with many players strongly bearish.
Supramax/Handy
The Baltic Supramax rose 13 points to finish at 1,607 last week, while the average of the time charter routes gained $133 to finish at $16,804, mainly driven by the US Gulf. The Atlantic remain very firm with Supras fixed from the USG to Cont at $31,000 daily, while USG to Far East was fixed at $36,250. The Far East was softening by the end of the week with vessels fixed from China via Indonesia to India at around $14,500 and the Nopac was fixed around $15,000 daily. The activity was also supported by interest in short period with redelivery worldwide at around $14,500-$15,000. In the smaller sizes, the market was pretty steady: the Handy Baltic Index gained 4 points to finish at 826 points, while the time charter route finished at $11,901.
In the Pacific, the Aussie round dropped more than $700 compared to last week, and a vessel was fixed at $10,400 daily. The NOPAC also decreased by more than $500. The Atlantic remains firm with a lot of activity supported, and short period around $12,000 for 3 to 5 months. Otherwise, fixtures have been done at $19,000 from Black Sea to India and similar number has been seen from USG to Cont, while $21,000 daily has been seen from ECSA to the Far East.
Source : Barry Rogliano Salles
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Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...
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- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
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