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Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
 There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the heavy losses suffered in early February.
The time charter averages for these segments have now returned to the relatively robust levels of around US$24,000/ day per day for the Supras and US$16,500/ day for the Handies. In the wider dry bulk market, there was a notable increase in corporate activity, some of which would have been unimaginable a year ago.
Capesize
Capesize markets bucked the wider trend this week and the four time charter average lost 14% to settle around US$28,400. After a strong week in the Panamax sector, the market also saw the BCI slip below the BPI. A surplus of tonnage in the Pacific saw demand from the mining groups swallowed up with little positive impact on rates, while the Atlantic remained quiet. FFA rates for second-quarter 2010 also declined from last week’s US$35,000 to around US$30,000/day. With so much tonnage available, there was little expectation of a big increase going forward and the index dropped slightly on Monday.
Panamax
The Panamax market bucked the trend of the falling Cape market and saw small gains during the course of the week. There was not much in way of large increases in cargo volumes in the Atlantic but here owners were reluctant to send vessels east on the front haul route and this in turn pushed levels up over the US$40,000 mark. The Transatlantic rounds were concluded at improved US$26/27,000 levels. In the Pacific, rates also picked up as ships open in the east were picked off to load predominantly grain business ex east coast south America, which in turn pulled the local shorter Pacific trips up in price to around the mid US$20,000s, depending on delivery and what kind of round voyage. A few short period deals were concluded with rates being agreed at around US$27/28,000 for Pacific delivery and the mid US$30,000s in the Atlantic. It is difficult to see the market sustaining this trend without evidence of some fresh enquiry in both basins.
Supra/Handy
The Baltic Supramax Index went up by 185 points to finish at 2,228 points last week, while the average of the time charter routes gained about US$1,940 to finish at US$23,927 per day. The market was active in the Atlantic, and there was particular pressure on tonnage in the southern part of the basin. We saw some activity with grain and sugar ex ECSA. The USG was steady and firming by the end of the week with vessels being fixed close to US$40,000 daily for trip to Continent. In the smaller sizes, the Baltic Handy size Index went up by 86 points to finish at 1,153 points while the time charter routes gained US$1,267 to reach US$16,872 per day. The Atlantic was much firmer than the Pacific and the TARV is worth US$19,000/day today, whereas the Pacific round voyage is worth US$15,000/day. A Handysize for trip out was evaluated in the region of US$25,000 last week. In the Pacific, the week started with firm numbers, with Nopac fixing in the high teens/low twenties for North China deliveries.
The Far East also picked up for Indonesian rounds in the mid-high teens for north China and mid-high teens for south China deliveries.
India was again the winner in the East, with Supramaxes fixing close to US$40,000/day from the west coast, and mid US$30,000s from the east for non-Haldia positions to China. Vessels in Haldia were getting a healthy mid-high US$30,000s.
There was a little period interest in the market with most charterers looking to pay low US$20,000s, while owners were targeting mid US$20,000s. Supramax were getting fixed for short period at US$25,000 daily with Far East delivery, while Atlantic delivery was getting US$30,000/day.
Source: BRS
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Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
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- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
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