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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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Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons.  ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
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- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Minerals Council of Australia
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- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
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- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
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- Economic Council, Georgia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
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- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
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- Indian Energy Exchange, India
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- GMR Energy Limited - India
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- Miang Besar Coal Terminal - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
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- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
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- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
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- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
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- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
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- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
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