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Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
 The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, and will start the holiday period at just over 2,500 points. Overall the market has lost about 20% of its value since the start of the year. However it is interesting to note that the futures market is predicting an improvement in Cape rates (though not Panamax and Supra rates) in the second quarter after the Chinese holidays are over. In the news, there was growing comment over the annual ore contract. BHP Billiton and Vale declared the 2010 price levels should reflect conditions on the spot market, where prices are currently around double last year’s level. Chinese buyers meanwhile were reported as be willing to accept 40%. Given recent ore and steel forecasts, buyers will be expected to increase their contribution; the question is by how much. Independent UK-based steel consultant MEPS claimed this week global steel output could hit a record high of 1,350m tonnes in 2010, with around half coming from China.
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“BHP Billiton and Vale declared the 2010 price levels should reflect conditions on the spot market, where prices are currently around double last year’s level”
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SUPRA/HANDY
It is difficult at this stage to assess whether Handies and Supras have bottomed out but at least the general feeling is that some sort of support has been reached. The Pacific round voyage now stands around US$16,000 when the Atlantic lies close to US$20,000. Demand for trip out to the east remains strong on the back of sugar and grains out of Brazil. The US Gulf saw a significant slow down with Supras hardly able to achieve more than mid US$3000 for trip to the Mediterranean Sea. Overall the Chinese holidays will no doubt impact the trade.
PANAMAX
The market drifted downwards over the week as Far Eastern players slowly disappeared for the impending holidays. Transatlantic round voyages started the week in the mid-high US$20,000s but by the end of the week were being traded closer to the US$24,000 mark. By contrast the Pacific became very positional with rates varying from a low of US$23,000 to a high of US$29,000 over the week for a vessel delivery southeast Asia for a west Australia round voyage.
However, for both basins, fixing volumes were thin. There was little period activity of note to talk about with such a large gap between the bid/offer spread, although a couple of short period deals were concluded in the east at around the US$26,000 level. Overall the BPI saw a loss of 113 points and the 4 time charter average reported a decline of US$894 over the week
CAPESIZE
It has been a month since the Capesize market logged any Friday-to-Friday gains, and with Chinese New Year upon us, it was no surprise that rates took another fall this week. The four time charter average is now back to below US$30,000 per day. Indeed Friday’s rate of US$29,259 was the lowest level seen in the Cape market since October last year. The market expects some pick-up after the Chinese holiday, however, and second quarter prices in the FFA market are currently trading at nearly US$33,000 per day. Rates were little changed on Monday, rising around 10 points on the end of the previous week.
Source: BRS Dry Bulk
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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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Showing 6001 to 6005 news of total 6871 |
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- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- The University of Queensland
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
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