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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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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Sical Logistics Limited - India
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- Energy Link Ltd, New Zealand
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- Billiton Holdings Pty Ltd - Australia
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- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
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- Global Coal Blending Company Limited - Australia
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- Attock Cement Pakistan Limited
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- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
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- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
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- Indonesian Coal Mining Association
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- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
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- New Zealand Coal & Carbon
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- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
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- Merrill Lynch Commodities Europe
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- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
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- GN Power Mariveles Coal Plant, Philippines
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- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
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- Madhucon Powers Ltd - India
- PTC India Limited - India
- Australian Coal Association
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- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
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- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
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- Romanian Commodities Exchange
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- Energy Development Corp, Philippines
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- Deloitte Consulting - India
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- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
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- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
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