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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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Friday, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for 40,000 metric tons of non-coking coal of Indonesian o ...
Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...
Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...
Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...
Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
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- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- The Treasury - Australian Government
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- The University of Queensland
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
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