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Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since they commenced on Friday the East has been reasonably quiet. We have seen Richards Bay rounds fixing from as low as the 13k level, incidentally failed, but the level seems to be closer to mid teens with owners aiming around the 17k level but still seeing a gap with charters rates. Iron ore activity is still slow. NOPAC has been active with owners aiming close to the 20k level. Owners are reluctant for Indonesian to India coal trips due to lack of cargo when re-opening in India. Short period levels are in the early 20k´s.
Panamax
Despite the substantial recover in the Cape market, Panamax rates were under pressure and continued to slide on low volumes as the Chinese holiday move on. Transatlantic business was slow and partly driven by grain ex US Gulf which seems well supplied by tonnage. Levels in the Atlantic are down towards 18k/day but fronthaul still above the healthy 30k mark. The Pacific was overwhelmed by more spot tonnage but some fresh requirements appeared during the week to balance out levels at 17-18k/day. Period fixtures were few but as FFA moved up short period fixtures were done at 24k for 4-6 months. Expectations for a strong Q4 are still there and sentiment is slowly turning positive among Owners in particular for a possible increase in demand next week onwards.
Capesize
As opposed to expectations of a more inactive week due to Chinese golden week, rates have been up up up Australia-PRC reached USD 12.50 pmt before it went just below 12 again (last week this route was being traded in the 10s). The Tubarao/ Qingdao reached USD 29.20 pmt, however at the time of writing it seems uncertain whether rates will remain at these levels or if there will be a correction. Obviously this depends very much on Vales overall demand. It has been a busy short period market, with rates around USD 35k-36k and a year presently very low USD 30k daily.
Source: FEARNBULK
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Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
...
Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
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- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Planning Commission, India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
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