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Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
 Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid 30´s to the Med and high 40´s to the FEast. Handymax tonnage ex BSea achieving low 20´s fronthaul and Supras low/mid 30´s.
Nevertheless there are surely positive signs of much more fresh enquiries for the next weeks ex NCSA/USG/ CONTINENT. The immediate outlook is for recovering conditions and remains optimistic about future prospects. Last week we experienced the biggest weekly drop in BDI since October 2008. NoPac RV fixed at 20K with similar numbers for Indo RV´s, vessels opening N. China. Low to mid 20´s for ECI/FEast.
Period rates are early/mid 20´s for delivery end June/ July dates. With high season of thermal coal we hope to see the Pacific market stabilise as China imports of thermal coal pick up but there is still decreasing steel demand meaning coking coal and iron ore global imports continue to be low.
Panamax
After a substantial dive on Panamax freight rates in both basins the market seems to level out and possibly enter a turning point mid week. Demand for coal could be gradually returning but overall not enough coal, iron ore, and grains to bring the market back to new highs yet.
Congestion on the ease and new buildings keep coming into the market. However, owners are back to the hold-and-wait attitude although the amount of fresh requirements is not exactly overwhelming. Atlantic rounds fixed at mid/upper 20´s, fronthaul 36k or considerably higher for prompt Continent grain buiz. The Pacific is still in the low 20´s although short Indo rounds may reach closer to mid 20 ´s.
The period market is showing signs of recovery with short period fixtures climbing to 25k from low 20´s hand in hand with the FFA market also getting some more buying interest.
Capesize
Challenging times for the biggest ships as spot demand presently not matching flow of early units. The Atlantic is struggling in particular, as fronthaul cargoes for July dates are few and far between. Ballasters from FEast are plentiful, and consequently the Tubarao/Qingdao conference trade has fallen by usd 3.50 pmt/usd 14k per day to present usd 37k.
The W.Aust/ China trade is on a similar track, with daily earnings for Pacific rounds cut by more than 30% to come in at below usd 20k. Although no sign of recovery evident, numerous major players considering present levels temporary and thus willing cough up upto almost 50% hire premiums for tonnage willing short period.
Source: FEARNRESEARCH
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Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
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- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- The University of Queensland
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
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