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Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ex Bsea get low 20´s and 30´s for fronthaul. There are positive signs of much more fresh enquiries for the next weeks mostly ex NCSA/USG/CONT. The immediate outlook is negative, but it is worth to note the BSI stabilized yesterday. We therefore choose to remain optimistic as more enquiries emerges and the World Cup is over. The FEast market was quiet over week with a lack of direction as the BDI continues down, - 40% over the past month. Charterers able to wait, do so in hope of lower rates - although there was a brief sign of a rally that disappeared with negative news coming out of China. IndoChina trips are in the high teen´s - a tick more for trips to ECI, the Indian market remains quiet with a lack of iron ore activity to FEast. NoPac rounds are not preferred, even at a premium, as owners prefer shorter duration to see where the market goes.
Panamax
Markets continue to drop in all basins, but Atlantic is more affected than Pacific this week. This supported by more spot/prompt positions from owners, most charterers believe trend will continue down. Some charterers are reluctant to fix and even holding cargoes off market in order to achive lower freights. On the positive side it´s worth to mention the high export of coal from N.America to China. Fronthaul fixed at levels around 33k while T/A rounds at level 23-24k. Pacific r/v see levels at very low 20´ and backhaul at 14-15k. The few positives; obviously charterers hold cargoes to get market further down, so when do they have to fix? also operators might take ships for medium periods at these levels.
Capesize
There were more signs of a healthier market and more support towards end of last week. However, in spite of a relatively good fixing activity the market remains relatively flat. The Australia/PRC round was done at close to USD 9 pmt, against USD 8.50 end of the period. For the Tubarao/Qingdao round Vale has been picking ships at USD 22 pmt, arnd five in total of which all giving Eta Tubarao first half July. Although Vale seem to be covered for now, their activity certainly have been important in obtaining more steady supply and demand balance. There are more players looking for short period tonnage, however with levels at high USD 20k´s most owners don´t find it very interesting. The main concern of the market is still the depressed steel demand in China, however it seems there has been reached a floor for now.
Source: FEARNBULK
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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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- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
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