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Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
 A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax and Handysize markets declining for the third week running. Overall, the BDI ended at 1,835 points (+3% w-o-w), the BCI at 3,150 (+13%), the BPI at 1,761 (-4%), the BSI at 1,324 (-7%) and the BHI at 675 points (-7%). In the coal markets, China’s benchmark thermal coal prices fell for the first time in three months, as the country’s utility companies finished their autumn stockpiling. It is the first decline in the price since August. Stockpiles are currently at the high level of 71 million tons, with local commentators suggesting there will be no more major buying until early next year. This stockpiling, which saw Richards Bay coal exports rise nearly 50% in October compared to September, has supported the bulk market and the recent increase in rates.
Capesize
A strong week for the Capes with plenty of cargo requests in the Atlantic combined with a tight tonnage situation pushing rates up there. Activity by the mining companies in the Pacific saw even greater gains in that basin. The Baltic reported two iron ore cargoes covered on a voyage basis from the St Lawrence in the mid $30's per metric tonne, which equates to around $50,000 per day on a BCI type basis delivery Rotterdam. Overall Hedland-Qingdao saw the greatest gains, at +15% w-o-w, with $11.50 pmt reported. Fronthaul and Atlantic trades also saw gains around 6-8%. In the paper market, the Nov/Dec average peaked at $22,500 during the week, although there was a pullback in both the physical and paper markets by the end of the week, with Nov/ Dec ending at $20,979. Monday saw a 69 point fall in the BCI.
Panamax
It was another week of declines across the board with the Panamax 4TC closing at $14,079, coming off $603 w-o-w, which was not far off from the previous week’s decline. We saw a drop of $809 per day in the Atlantic w-o-w and $678 in the Pacific, whilst FH shed $657. There remained a clear lack of fresh cargoes for PAC, TA and FH with limited fixture activity throughout the week and a continued high level of open tonnage prevalent in both basins. However towards the end of the week we did see a reduction in open tonnage in the Atlantic, likely due to charterers covering stems or vessels being withdrawn from the market as a possible floor is found. The Indo/China trade was fixing in the $9 pmt range in a week that was interrupted briefly by holiday. The period market remained steady although relatively inactive with very few reported fixtures. 4-6 months ended the week at $14,000 per day levels whilst one year was closer to $13,500 levels.
Supramax/Handy
The Handy/Handymax market remains under pressure in the east where the abundance of prompt vessels and the lack of cargoes have been the main feature for the last 10 days. Not surprisingly Nopac round voyages are being fixed in the mid $7,000s levels. By the same token Indian iron ore exports are very slim leaving little alternatives for owners but to ballast towards South Africa and, further away, South America. As a consequence, south Atlantic does not have enough cargoes to absorb all these ballasters and transatlantic trips ex ECSA has gone from around $15,000 per day 3 weeks ago to around $12,000/13,000 today. The only hot spots for owners are the USG for Supramax and Black Sea for Handies where grains entail reasonable levels of $26 -27,000 ex USG to Med, and low/mid $30,000s for USG/Far East. Handies in the Med found secure homes giving returns in the mid teens.
Source : Barry Rogliano Salles
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Wednesday, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
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- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Minerals Council of Australia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
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