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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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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 ...
Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
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- Global Coal Blending Company Limited - Australia
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- Indian Oil Corporation Limited
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- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
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- Orica Mining Services - Indonesia
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- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
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- Planning Commission, India
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- Minerals Council of Australia
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- Wilmar Investment Holdings
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- Ambuja Cements Ltd - India
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- Barasentosa Lestari - Indonesia
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- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
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- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
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- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
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- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
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- VISA Power Limited - India
- Tamil Nadu electricity Board
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- Goldman Sachs - Singapore
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- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
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- White Energy Company Limited
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- Ind-Barath Power Infra Limited - India
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- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
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- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
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- New Zealand Coal & Carbon
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- Ministry of Transport, Egypt
- Parliament of New Zealand
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- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
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- Bhoruka Overseas - Indonesia
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- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
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- Kaltim Prima Coal - Indonesia
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- Chamber of Mines of South Africa
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- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
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- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
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- Renaissance Capital - South Africa
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- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
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