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Wednesday, 18 January 12
WARM WINTER ACROSS EUROPE HAS IMPACTED NEGATIVELY COAL DEMAND - BRS
 With the Chinese New Year just a week away, all markets are slowing down. The drop in freight rates for all sizes has been significant over the past week with the BDI ending at 1053 points (-21.8%),the BCI at 1723 points (-26.2%) and the BPI at 1264 (-17.8%). The smaller sizes were also down, with the BSI at 971 (-12.7%) and the BHI 533 points (-4.6%), as stated by BRS in its weekly report.
Capesize
Capesize rates saw heavy losses for the second week, with weather-related disruption in Brazil and Australia adding to the market’s problems. The Capesize 4TC finished the week at $9,116, which takes it back beneath the Panamax 4TC and the Supramax 6TC. Australia’s ports have slowly reopened, while Vale has downplayed the impact of its declaring force majeure on the grounds that it represents just 1% of its output. However the combination of these issues, and the forthcoming Chinese New Year, suggests there is little to prompt an upward correction in rates. Monday saw another slide, with the 4TC losing $618 to $8,498. In the paper market, February and March were trading at $9,433 and $10,267 by Friday afternoon.
Panamax
Last week marked the beginning of a strong drop in Panamax rates. What everyone expected finally happened and we saw the indices freefall every single day with no positive sign for owners. The 4TC lost $2,000, going from $12,020 per day to $10,075/day. In 1Q 2012 the same number of Panamaxes delivered in 2Q+3Q+4Q 2011 will in theory be delivered according to our last updates. On top of that, a relatively warm winter across Europe has impacted negatively coal demand and stocks in China are still at a high level as we head into Chinese New Year.
In the Atlantic, the TA index dropped to $10,731 from $13,341 the previous week, while the market was already below$9,000/daily. The outlook is still bearishas ballasters from the east keephammering the Atlantic market. Thetransatlantic rate is now equal to the 4TC,instead of being at a 10%-15% premiumas in normal market conditions.In the Pacific, it was the same story.Rates dived from $8,895/daily to $7,398/daily with the 1year TC rate basis delivery North China at around $11,000/daily. Themarket was very calm there before theChinese New Year.
On a positive note,coal prices are losing some ground and might push China to move to imported coal. However looking at stockpiles, the discount should be significant
Supramax/Handy
All countries were back to work for this second week of the year and the market continued its way down. The BSI los 12.6% to close the week with an average of the TC routes at $10,154. Prompt positions were available in all areas. The strongest drop was noticed out of the US Gulf where the route USG/Skaw-Passero lost 21.6%; a 57,000 dwt vessel was fixed at $18,000 aps USG redelivery Italy, whereas redelivery Far East was done in the mid $20,000s. It was the same situation on the Continent where a Supra was fixed at about $13,000 for scrap from ARAG to the East Med, while same was done at $16,000 the previous week.
In the Pacific, the volume of orders is reducing with the approach of the Chinese New Year. The market has become sluggish with stems of iron ore from India becoming increasingly rare. The dollar appreciation against the rupee has also led to fewer Indian coal Imports. Supras from Indonesia to India have now dropped $1,000 in the last week, to reach the low $6,000s, while Supras from India to China are now getting about $8,000.
Source: BRS
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Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
...
Thursday, 19 January 12
14TH VOGP MEETING IN HO CHI MINH CITY HANDS OUT LATEST UPDATES AND DEVELOPMENTS IN VIETNAM'S ENERGY INDUSTRY
Press Release: At upcoming 14th Vietnam Oil Gas Power on 27-28 Feb in Ho Chi Minh City the industry’s most influential names including Petrovi ...
Thursday, 19 January 12
DELTA DUNIA SEALS US$820 MIO CONTRACT INSIDER STORIES
Insider Stories reported that, PT Delta Dunia Makmur Tbk (DOID) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama ( ...
Wednesday, 18 January 12
DRY BULK MARKET'S DRAMA CONTINUES IN START OF NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of newbuilding deliveries, coupled with a slow start to the new year, a typical trend for the dry bulk market, has led the industry's benc ...
Monday, 16 January 12
BUMA MINED 2.7 MILLION TONS COAL LAST MONTH
COALspot.com - BUMA has mined 2.7 million tons (-14.1% YoY) coal last month and removed 25.8 million bcm (-5.6% YoY) overburden, according to compan ...
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- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Parliament of New Zealand
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
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