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Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid 50´s to the FEast and there is more petcoke moving ex USG. T/A rounds at mid 20´s. Handymax tonnage ex Bsea is achieving mid 30´s fronthaul and Supras low/mid 40´s. Solym was rumoured to have taken the Maha Avanti dely Wafr for 5/7 mos redel Atlantic at USD 27500. Handies (27/28000 dwt) now achieving rates around usd 20000/day to stay in Atlantic, a 23000 dwt was rumoured fixed 20000 for sugar via Brazil to SE Asia. The outlook is for stable conditions. The FEast was stable during the last week. For Pacific rounds Supras were fixed in the mid 20´s. For Indo/ India coal trips Supras can achieve low 20´s. For short period Supras trading in the mid/high 20´s. The Indian market for iron ore trips from WCI to China picked up some activity and Supras trading in the low/mid 30K. For South African rounds back to India Supras can achieve around mid 20´s.
Panamax
Panamax spot market has fallen back slightly over the last week although on low volume indicating resistance. With a still active period market and FFA market falling only marginal the spot market turned early this week to gain strength in both basins well supported by the re bounce in the Cape sector. Fresh grain requirements are still coming out, activity has increased, but market comeback could be just as much sentiment driven. Pacific rounds were fixed just under the 30.000 mark for NOPAC/Auisse rounds and even long hauls for ECSA. Atlantic rounds descending towards low 30.000 and fronthaul fixed at low 40.000´s until picking up a few thousand dollars all over. Period market is still active both for short period like 4-6 but also for both 1 and 2 years charter around 28 and 24+ respectively. The FFA market took a breather after a nice re bounce on Tuesday which could indicate we still see room for upside in Panamax freight levels.
Capesize
Activity and rate levels picking up dramatically on the back of increased demand - originating from Atlantic in particular - concurrent with persistent rumours that ore negotiations are coming to conclusion. Tubarao/China fronthaul rates are up 43% in terms of daily earnings to usd 63000, whilst the W.Australia/China conference trade is up 21% to come in at usd 34000/ day. Average daily earning stand at usd 38500, up usd 11000 w-o-w. Spot improvement is supported and partly driven by paper trades, with a resultant revived period interest from major players. Representative fixtures include 169000 dwt/2009 open China early May securing 12 months at usd 34500, 170000 dwt/1999 open China ppt doing 3.5-5 months at usd 34000, and 174000 dwt/2006 open China mid May fixing 12 months at usd 33500.
Source: FearnreSEARCH
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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- PetroVietnam Power Coal Import and Supply Company
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- New Zealand Coal & Carbon
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- The University of Queensland
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- Bangladesh Power Developement Board
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- Kumho Petrochemical, South Korea
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- Eastern Coal Council - USA
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- Siam City Cement - Thailand
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- Attock Cement Pakistan Limited
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- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
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- Indian Energy Exchange, India
- Romanian Commodities Exchange
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- Bukit Asam (Persero) Tbk - Indonesia
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- Cement Manufacturers Association - India
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- Central Electricity Authority - India
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- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
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- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
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- Essar Steel Hazira Ltd - India
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- India Bulls Power Limited - India
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- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
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- SMC Global Power, Philippines
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