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Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres fetched USD 13k for trips back to the Continent. Fronthual were hovering around USD 13500, while Cannakle deliveries tick above USD 12k for same. The Pacific market is firming up but seems in general little quieter today. Meanwhile, South Africa rates are climbing slightly, WC India/China iron ore rates still hovering between 13/14.00 pmt. Red Sea/India is still at low USD 20´s. Supramax rates remained strong in the east. SE Asia/China-India rates are hovering between usd15/16k.
Panamax
East Coast South America grains could be the joker for the Panamax market in the near future, with rumors of China imports rising to 56 MT this year. Fewer ballasters from the Far East fueled the optimism for ESCSA April loaders, where eco vessels now fix above 16k + 600 GBB APS. With some additional fresh mineral cargoes appearing in the North Atlantic the T/A rounds are slowly moving up to around 6k on T/C. The Pacific market seems to lose some of the positive momentum caught last week, with lack of fresh cargoes and a growing list of open positions. Levels are in the low/mid 7k range. The forward market is descending, affected by the overwhelming supply of newbuildings in all segments. Moreover, rumors and news from struggling owners keep an underlying weak sentiment and trading pace relatively slow.
Capesize
The Pacific activity level picked up without actually bringing the rate up. In fact it fell back marginally. In addition the recent flurry of short period fixing has also ebbed. It does not help that Sanko are seeking restructuring, a new cyclone is building up off Western Australia, and the Atlantic market is still inactive. The indices have continued to drop and the forward paper curve looks a lot like last year´s actual curve, indicating a lack of confidence in the market.
Source: Fearnleys AS
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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- Indian Oil Corporation Limited
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- Ministry of Finance - Indonesia
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- Energy Link Ltd, New Zealand
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- Global Coal Blending Company Limited - Australia
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- IEA Clean Coal Centre - UK
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- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
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- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
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- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
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- White Energy Company Limited
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- Energy Development Corp, Philippines
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- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
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- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
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- The University of Queensland
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- Indian Energy Exchange, India
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- Commonwealth Bank - Australia
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- Sakthi Sugars Limited - India
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- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
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- Indonesian Coal Mining Association
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- Directorate General of MIneral and Coal - Indonesia
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- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
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