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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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Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
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- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Planning Commission, India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
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