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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, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
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