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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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- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- The University of Queensland
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
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