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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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Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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Showing 6016 to 6020 news of total 6871 |
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- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- PTC India Limited - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- White Energy Company Limited
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
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