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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requirements on the market but Owners are resiting the temptation in the hope that markets will recover further in the next coming weeks on the back of positive indexes across all sizes on Monday/Tuesday.
Outlook : Uncertainty and volatility. There is continued upward movement in the Pacific region as prompt tonnage remains tight. Supras in S. China are fixed at low teens for trips via Indonesia to India with coal. Supras on WC will see at least USD 20k and EC rates have also improved to about 16k levels for iron ore trips to China. Red Sea; ferts on handymax/ supras are fixed at mid 20´s pmt on voyage bss to WC India.
Panamax
The Panamax market continued its positive trend from last week much driven by increased grain activity out of ECSA and USG. This lead to firming rates in both hemispheres. This week we see more cargos giving support to the rates, contrary to last weeks´ FFA driven market for short/ long periods. The short period market continued to firm up this week and for LME´s with Sth China delivery owners are getting USD 18.5k-19k. Tarv ´s paying around USD 15k while fronthauls with Cont dely are getting in region of USD 25k daily. Pac rounds are being fixed at around 15k and a backhaul was done on Wednesday at USD 5k. Chrts interested in taking in1-year deals, needs to pay around USD 17k. We find it hard to clearly state that this market will continue firming as we see some pressure from FFA´s and the bigger Capes.
Capesize
Activity is up and fair - but apart from compensating rising bunker costs,spot rates and consequent daily earning are still at levels not sufficient to cover operating expenses. Oversupply of tonnage remains the one factor to which the present crisis is attributable, and sharply accelerated scrapping combined with general slow-steaming appears the only way to bring this segment anywhere near short- and long term equilibrium. Whilst performance failures spread and rumours of financial uncertainty looms over a number of profiled players, average spot earning have improved marginally to come in at USD 7k/day. Widespread "warm" ayup is expected - for vintage units in particular. A few majors still take period tonnage at huge premiums to spot - but with partial support from paper trades - last exemplified by 178kdwt/built 2010 done for 4-6 months basis delivery S.Korea prompt at USD 16k.
Source: FEARNBULK
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Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...
Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining has received a number of specific proposals to fund and develop its massive East Kutai coa ...
Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...
Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct.
However towards end ...
Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...
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- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
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