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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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Tuesday, 10 January 12
THE 4TH DEEPWATER ASIA CONGRESS 2012 WILL KICK OFF ON MAY 23 - 25
Press release - Based on the past three years’ success, SZ & W Group is excited to announce the 4th Deepwater Asia Congress will be held o ...
Monday, 09 January 12
2012: WHAT WILL IT BRING FOR THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A further increase in dry bulk demand could be the remedy for most of the industry's oversupply issues, together of course with the high level of s ...
Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ...
Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR
Wish You a Very Happy and Prosperous New year 2012.
COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would ...
Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
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- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- PTC India Limited - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Goldman Sachs - Singapore
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