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Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achieving low/mid 30,000´s to the Mediterranean and low 50,000´s to the Far East. Handymax tonnage ex Black Sea is achieving mid 30,000´s fronthaul and Supras low/mid 40,000 ´s. Nevertheless there are signs of much more fresh enquiries for the next weeks ex NCSA/USG/CONTINENT.
The immediate outlook is for flat/ stable conditions.
Panamax
The Panamax market continued its softening trend from last week seeing rates slip in both hemispheres. With the Chinese on holidays this week until Thursday the activity was very slow and few fresh cargoes entered the market. Tarvs now paying high 20´s while the Fronthaul with delivery Continent now gets around usd 36k. In the Pacific the rounds are paid tick below 25k.
The period market still alive on low pulse with owners not reducing their levels considerably - mid/low 20´s for short period and actually same for 2 or 3 years. With the late steep correction, some market players seem to maintain a bit of optimism upon the return of the Chinese.
Capesize
Last week showed definite signs of weakness with average TC rates falling abt usd 3000 daily from mid usd 47k level. The week opened down as expected, and with China and Taiwan on holiday the rates have plunged, presently averaging below usd 35k. The front haul has fallen from usd 29/30 level to usd 25.00 per mt for second half July shipment. Likewise has the level for ore out or West Australia. Here rates have fallen from usd 12.00 level to usd 10.25 per mt.
There is not much optimism in the market and operators who have been caught long on tonnage have swept the market for cargo, taking what they can get. The period front always has a tendency to lag the physical market and as such has been quiet, with the exception of an Australian miners concluding a 2-year deal in direct continuation of the existing charter at very low usd 30k´s daily commencing Oct 2010.
Source: FEARNRESEARCH
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Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
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- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- White Energy Company Limited
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
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