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Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
 Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at USD 29,491 on Monday. Lack of tonnage in USG pushing rates above 50,000 USD mark for Supras. Less transatlantic business though.
Outlook: Firm conditions in the Atlantic set to continue. The Far East market continued to firm. For Pacific rounds Supras trading in the high 20´s/low 30´s, for NOPAC rounds Supras can achieve in the mid/high 20´s and for Aussie Rounds around low 30´s. For Indo/India coal trips Supras have seen around low/mid 20´s. The period market was quite active, for short period Supras were fixed in the high 20´s/ low 30´s.
The Indian market was quiet, but because of the tight tonnage situation still firm. For iron ore trips from WCI to China Supras trading in the low/mid 40´s and Supras open ECI can achieve high 30´s/low 40´s for trips to China.
Panamax
Still increased activity from ECSA contributed to further strength and firm Panamax sector, where ballasters from Fareast have fixed at 33k levels for full r/ v. Lack of tonnage made room for further strength, and front haul from the Atlantic has been fixed from the mid 40k levels even up to mid 50k level for voyage basis Cont. or Black Sea positions. Pac r/v fixed at low 30k and India to China above the very healthy 50k mark.
The period market is still active with short period levels typically in the mid 30k range for Fareast positions, above 40k for Atlantic positions and very high 20k for one year. Takers are also there still for 2 years at 22k/day. The FFA market has been moving sideways under pressure from the Cape market but holding levels with the firm physical market conditions. It seems the underlying optimism for Q2 is still around supported by the grain market, although under question with an expected reduction in the Coal market and a ratio to the Cape market in the relatively low 1.2 range.
Cape size
Last week started off with much uncertainty until Wednesday, when the market suddenly raised, mainly due to increased activity in the Fareast by RioTinto, BHP, and FMG. Highest done for Australia to PRC was USD low 14s pmt, however this week the charterers are inactive and the rates dropped to USD low 11s pmt.
The front haul market was improving last week as well, mostly due to the overall sentiment, however number of ballasters and early ships compared to absence of early cargoes have resulted in rates decreased from low USD 30 pmt to approximately USD 26 pmt. Apparently still a lot of uncertainty also related to the ongoing price negotiations of iron ore, however there are some signs that iron ore stock piles in PRC are decreasing and more activity is expected for this spring.
Source: FearnreSEARCH
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Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- The University of Queensland
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Australian Coal Association
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
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