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Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of last week!) and we will see increased rates this week and next week. Atlantic markets are seeing fresher enquiry on Continent and Black Sea. In the FEast there continues to be enough activity to keep rates at a stable level but sentiments remain mixed, some saying level has bottomed and we will remain at this level until at least Q4 others saying we are in for a further dip. However, Owners remain positive given recent rates and stability. Indo to China and India are fixing in the mid/high teens with a tick more for Nopac RVs. Backhauls, basis N China, have been seen in the low teens. Short period on modern tonnage is asking in the early 20´s.
Panamax
The slow market recovery indicated last week has continued, in particular in the Atlantic where some Charterers even find prompt requirements challenging to cover. In the Pacific the interest for short period has increased, although it is still based on limited volumes on levels around 23.000 day. TA`s fixed arnd USD 20,000, up USD 2,000 from last week. Fronthauls fixtures were done at 30,000 day. Pacific rounds kept fairly stable from last week at USD 18,000 day and the 2010 record low backhaul climbed from USD 11,000 to USD 12,000 day. The contango in the FFA market (for Q4) and the increased interest in period tonnage could indicate the market has passed a turning point.
Capesize
Fundamentally nothing is changed from last week, still a good number of ballasters as well as supply of ships for early dates in the east. There is presently a firm sentiment, but it seems mainly paper driven. West Australia round is presently around US$ 6.50 and Tubarao to Qingdao at 17 - 18 level. There have been done a couple of period fixtures this week, but overall the market is best summarized in two words; uncertainty and lack of cargoes. Furthermore, we are entering the holiday season in the east and less activity is expected.
Source: FEARNRESEARCH
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Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
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- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Australian Coal Association
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
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