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Thursday, 19 April 12
HANDY - 'POSITIVE TREND', PANAMAX - 'A FIRMER TENDENCY', CAPESIZE - 'AGAIN NEGATIVE'
Handy
The positive trend from last week continued, with more cargoes entering the market. Skaw/Passero del fixed tick above USD 4000 for US Gulf direction, while US Gulf deliveries fetched USD 16600 for Continent redel. Fronthauls paid USD 14000 ex Continent, and USD 14800 from Canakkale. The Pacific market remained firm with more nickel ore cargoes seen before Indonesian ban. Indo-India was bit quite but rates around USD 12000 basis South China. Nickle rounds fixed at USD 17k basis aps Indonesia. RBCTIndia fixed in low 20s on voyage. Red Sea-India fertilizer cargoes fixed at high teens. Short period rates fixed at USD 12k.
Panamax
A firmer tendency in both hemispheres, mainly driven by increased activity from ECSA grains. Fresh coal requirements from USG and Indonesia are adding fuel to the optimism for both ballasters and prompt positions. North Atlantic is tight for tonnage where Charterers now pay 10-11k to cover short rounds and 19-20k for trips out. The Pacific market is also gaining strength, to hover around 10k for NOPAC and 14k for India to China. Ballasters targeting ECSA grains are able to achieve above 12k passing Singapore. A more active period market with short period levels done above 11k/day and one-year at mid/upper 10. The forward curve following the trend but with less pace.
Capesize
Sentiment is again negative as spot volumes not by far living up to hopes/ expectations. With plenty of coal stored in Continent ports, transatlantic trades are at a low and operators fall over each other at rock-bottom levels to keep their units within this geographical area. Consequent Colombian and US coal stems redirected to Asian destinations are not sufficient to maintain fronthaul levels, with a resultant marginal drop in the Tubarao/Qingdao trade to around USD 21 pmt. Far East volumes are similarly unimpressive, with WAust/China levels coming down again to around USD 7.75 pmt - equivalent to far below OPEX. Paper levels give little support for period fixing - and the majority of Capes done for 12 months recently seems to have been at discounted levels from distressed Far Eastern players.
Source: Fearnleys AS
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Friday, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...
Friday, 20 April 12
BUMA HAS PRODUCED 2.6 MILLION TONS OF COAL IN MARCH 2012
COALspot.com - BUMA has removed 28.0 million bcm (+6.4% YoY) of overburden in March 2012 while coal production was at 2.6 million tons (+1.3% YoY).
...
Thursday, 19 April 12
FRESH COAL SALES FROM JATENERGYS JONGKANG MINES
COALspot.com - Energy company Jatenergy Ltd (ASX code JAT) announced today that it had signed a contract for an 11,000 tonne coal sale due for shipm ...
Thursday, 19 April 12
WILLIS MARINE MARKET REVIEW FORECASTS ANOTHER DIFFICULT YEAR - WILLIS GLOBAL MARINE / HELLENIC SHIPPING
After an inauspicious start, 2012 could well be "another difficult and uncertain year for the maritime industry faced with the aftermath of the ...
Wednesday, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
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- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Planning Commission, India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
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