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Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
 The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also rose above spot rates for both the Capes and Panamaxes, suggesting there is some confidence for the medium-term once the Chinese holidays are over. In the mining markets, Fortescue announced a steep drop in net income for 2009 but reiterated claims that demand would outweigh supply in the current year. And a new report from accountancy firm Ernst & Young predicts 2010 will once again see lively merger and acquisition activity in the mining industry on the back of bullish demand forecasts. After a quiet couple of years in which ‘only’ US$60bn of M&A deals were completed (half by China), Ernst & Young predicts deal volume could return to 2006 levels of around US$175bn this year.
Supra/Handy
Although activity was slow on the Handy/ Supramax market last week due to the Chinese holidays, the market found its resistance level on Wednesday (bottoming out at US$21,215 for the Supramax 6TC) and thereafter the trend was upwards. From Monday to Friday, the Supramax index gained 2% and the 6TC closed the week at US$21,720. In the south and north Atlantic there was a lack of prompt tonnage, although it was the opposite in the Black Sea/Med area, where availability was higher than demand. As a result, in the Atlantic Supramaxes were getting pretty good numbers at about US$3233,000 for a time charter trip delivery west Africa via ECSA redelivery Sing/Japan, and about US$35,000 for a trip charter delivery NCSA redelivery Continent. There was very little reported last week for the Pacific market, and it was only near the end of the week that more enquiries were seen, for both spot and short period basis. However many players still chose to hold off and wait for the Chinese to return, in order to get a better feel of the market. In the meantime, more coal cargoes from Indonesia were seen (March dates), but sentiment remains cautiously bullish as more tonnage is expected to be available during the month.
Panamax
It was a pretty flat week for the Panamax market as Chinese players were celebrating the New Year, but overall there was still a positive tone as the index gained 168 points to 3,179 during the week. The general volume of business was obviously thinner and most of the business fixed was for 1 or 2 laden legs with spot deliveries. Atlantic cargoes were limited and rates for transatlantic rounds were in the region of US$25-27,000 depending on size and position. The fronthaul activity was really quiet and only Indian loaders could still obtain healthy numbers for time charter in the midUS$30,000s. The Pacific rates were negotiated in the low US$20,000s. Very few operators took the risk of fixing tonnage for short period in this very slow market, and instead are waiting to see what this week brings.
Capesize
Cape markets revived somewhat this week, and the four time charter average rose above US$30,000 once again. Overall the BCI rose 8% Friday-toFriday, with most of the gains seen on the trade into China. Although there has been no long term period since the middle of the month, short period activity continued to tick over at fairly robust rates. A 170,000 dwt vessel was reported taken for 4-6 month deal at US$37,000/ day, while there was a further report of US$41,000 per day for a 5-7 month charter. Rates dipped again on Monday however, and most players are watching to see how trade pans out in the coming days.
SOURCE: Barry Rogliano Salles
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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
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Showing 5976 to 5980 news of total 6871 |
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- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
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