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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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Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- The University of Queensland
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- ASAPP Information Group - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Posco Energy - South Korea
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- GMR Energy Limited - India
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