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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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Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
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- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
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