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Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh business and a declining BSI. Tonnage is accumulating in USG which is driving that market down and market softening across all segments. Cont to E.Med in the mid 30 ´s now down at least 3-4k from last week. A 35000 dwt vessel was rumoured fixed around 25000 per day for 2/3 ll in the Atlantic by European chrs. Outlook: Softer conditions in the Atlantic as Easter holidays approaching. The FEAST market softened a bit during the last week. For Pacific rounds Supras trading in the mid/high 20´s and for Indo/India coal trips Supras have seen around low 20´s.
The period market for Supras seems quiet, not many fixtures reported, for short period owners still try to achieve high 20´s.
The Indian market is still firm and for iron ore trips from WCI to China Supras trading in the low/mid 40´s and Supras open ECI can achieve very high 20´s for Richards Bay rounds.
Panamax
Affected by sluggish Cape market still kept alive by Grain long hauls, period market and a relatively strong FFA the Panamax market has lost some of its momentum and gradually turned down. TAs have kept fairly stable at 38-39000 level, while the fronthauls did some small adjustments; down approx USD 2000 to around USD 48000.
Pac rounds fell from around USD 33000 at its peak to USD 31000 region. Backhauls fixed USD 20000 throughout the week.
Capesize
Spot levels for the big ships keep drifting as tonnage supply - particularly in Atlantic - is not matched by iron ore and coal demand. The main driver, iron ore trades, may well have been halted due to tactics connected to ongoing contract price negotiations. The W.Australia/China conference trade stands at usd 10 pmt, down some 18% in terms of daily earnings during the week.
Similarly, the fronthaul Brazil/China trade stands at some usd 23.50 pmt, down some 20% in terms of daily earnings. Limited period activity, with the healthy exception of 2009-built 180000 dwt done for 7-10 months at usd 36k basis delivery in d/c PASSERO end March. A "bank" deal has also been concluded, on 2000-built 171000 dwt purchased at usd 42.5m and done for 3 years at usd 27500 basis delivery wwide end 2010.
Source: FearnreSEARCH
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Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
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- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Bukit Makmur.PT - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- SMC Global Power, Philippines
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- Renaissance Capital - South Africa
- PTC India Limited - India
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- The Treasury - Australian Government
- Makarim & Taira - Indonesia
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- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
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- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
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- Indogreen Group - Indonesia
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- Parliament of New Zealand
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- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
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- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
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- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
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- Samtan Co., Ltd - South Korea
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- TNB Fuel Sdn Bhd - Malaysia
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- Ministry of Finance - Indonesia
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- LBH Netherlands Bv - Netherlands
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- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
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- San Jose City I Power Corp, Philippines
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- Sakthi Sugars Limited - India
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- Bayan Resources Tbk. - Indonesia
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- Economic Council, Georgia
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- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
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- Planning Commission, India
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- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
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- Eastern Coal Council - USA
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- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
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- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Thiess Contractors Indonesia
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- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
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- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
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