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Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remains firm paying in the mid 20´s for trips into the MED and low/mid 30´s for trips FE. Nevertheless tonnage is piling up again with ballasters which will push rates downwards in a few weeks unless activity picks up more to absorb tonnage. In the Pacific, there is a tight tonnage supply on prompt positions in China/ SEA for mostly handy up to 45,000 dwt which means rates are on the rise for those sizes. Supras on the other hand, are in abundance. There has also been a high amount of short period activity with charterers scrambling/ hoping to take tonnage ´on the cheap´. The Far East remains reasonably tight on prompt tonnage, however with activity low and owners resisting. The market for North Pacific/Indo/India for tonnage delivering North China is in the USD 16,000 range.
Panamax
After a slow week with marginal decline in rates the market found supportwith levels moving upwards from mid week.
This was predominantly driven by ECSA and USG grains and short period activity to cover same with owners now able to secure healthy USD 27,000 with equivalent ballast bonus for front haul. Short period was also fairly active with grain traders and operators booking tonnage in the Far East in the mid 17,000 range. Lack of other fresh mineral business in both hemispheres kept a stable but not very enthusiastic sentiment. North Pacific and Pacific business is fixable at mid to upper teens while Atlantic rounds close to 17,000/day. One year period is being secured at 16,500-17,000 but takers are reluctant to pay owners similar levels fo longer duration.
Capesize
The capesize market continued to fall through last week bottoming out on Monday at an average time charter rate of USD 9,298.
This has now picked up to USD 10,089 which is still not very exciting. Nonetheless, the paper market is enthused and the front end of the curve has picked up somewhat,but not enough to allow a repeat of the 3 year fixture reported last week. There are takers for this period but they are rateing lower numbers and owners are not ready to accept these figures. On the spot market fixtures remain relatively flat and the Atlantic continues to be stronger than the Pacific. In general, uncertainty due to events in Japan and in the Mediterranean are keeping the market weak, though there could be some more near term activity in the Atlantic due to nuclear plants in Germany being taken off line for safety checks.
Source: FEARNBULK
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Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...
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- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
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