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Thursday, 23 February 12
2.5 PANAMAX VESSELS PER AVAILABLE CARGO FOR MARCH DATES - FEARN BULK
Handy
Another depressing week for Supras in both basins. Lack of fresh business and over-supply of tonnage in the Atlantic pushed rates south. Cont/US Gulf fixed USD 1300 while US Gulf back to Cont at USD 8800. Fronthauls were paid USD 11,500. The Pacific market has improved with lot of cargoes seen, especially Indonesia. Indo-India rounds are now fixed at USD 9k basis North China. Nickel ore are also getting gud premiums. Indian iron ore is still quiet but few cargoes are seeing. WCI-China is around USD 10k and ECI-India around USD 8k. Short period rates around USD 10k, though not seen much this week.
Panamax
The Panamax market experienced yet another week with declining rates in both hemispheres. A quick count shows that it is about 2.5 Pmax vessels per available cargo for March dates. Transatlantic rates came down somewhat USD 2k the last week and are now trading in region of USD 5k. Fhauls are being fixed at around USD 15k, down USD 2.5k from last week. In the Pacific we see rounds via NoPac are being fixed in the low 8k which is a positive sentiment compared to last week. For the backhauls the T/C equivalent levels are at around 0. The period market is regaining activity, but owners need to be flexible on the spread of period with deals being concluded at around 11k for a year on modern Kamsarmaxes.
Capesize
The pessimism in the market continues. More owners are willing to consider present levels for short period, indicating that expectations for a turnaround in the immediate future are nonexistent. Despite this the West Australian miners continue to take tonnage at what has become a conference rate of USD 7.60 pmt (equivalent to USD 1-2000 per day T/C equivalent). There are however a large number of owners, who have been spot for days/weeks, who refuse to fix their vessels under USD 8.00. This standoff will eventually break, as the source of the cheapest owners dries up, and we will likely see numbers around the USD 8.00 mark for some time. The Atlantic market is also dismal with tonnage spot and waiting/hoping for something to pop up. So far there has been little to indicate that this situation will change.
Source: FEARNBULK
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Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
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- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- MS Steel International - UAE
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- VISA Power Limited - India
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