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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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Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
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- Electricity Authority, New Zealand
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- Trasteel International SA, Italy
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- The University of Queensland
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
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- Medco Energi Mining Internasional
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- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
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- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Tamil Nadu electricity Board
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- Maharashtra Electricity Regulatory Commission - India
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- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
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- Chamber of Mines of South Africa
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- Sarangani Energy Corporation, Philippines
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- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
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- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
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- Formosa Plastics Group - Taiwan
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- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
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- Australian Coal Association
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- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
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- PTC India Limited - India
- Singapore Mercantile Exchange
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- Power Finance Corporation Ltd., India
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- Semirara Mining and Power Corporation, Philippines
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- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
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- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
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- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
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- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Toyota Tsusho Corporation, Japan
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- Miang Besar Coal Terminal - Indonesia
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- Holcim Trading Pte Ltd - Singapore
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