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Wednesday, 23 July 14
PANAMAXES WERE BACK ON A DOWNWARD COURSE; CAPES WERE FEELING THE MOST PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market was on a downward spiral this week, with the BDI noting another week-on-week decline of the magnitude of 10% this time around, while rates dropped across the board for all size segments. With the exception of the BPI, all other dry indices have touched fresh year lows, while period numbers were off as well, Intermodal said in its latest weekly report.
"We nevertheless expect the market to stabilize this week and possibly also see an upward correction over the following days", according to Intermodal.
In its latest report, shipbroker intermodal further said on the Capesize market that, capes were feeling the most pressure with the average of the 4 TC routes dropping to below $ 10,000/day. The key routes in the Pacific remain close to last dones, while both basins were seeing minimal fresh inquiries, with tonnage lists starting to swell up early on in the week. We have yet to see any improvement this current week and we expect things to remain stable.
On the Panamax front it noted that, following a slight upward correction the week prior, Panamaxes were back on a downward course, with rates now heading towards the lows of late June, while most of the positive sentiment that had accumulated momentum during the early part of July seems to have had the wind knocked out of it. Saying that, a few well-positioned vessels did manage to get better numbers, while the 6 month T/C moved to below $ 10,000/day.
Intermodal brokers concluded about smaller size, things were not looking much better for the smaller size segments either, with rates for both Supras and Handies continuing their slow decent, while the later being slightly more stable. The Atlantic basin seemed to be the worst out of the two this week, though there was an overall pessimistic feel amongst owners creating an inability to withstand any increased pressure for lower levels put on by charterers all around.
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Friday, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equit ...
Thursday, 03 July 14
BUMI TRANSFERS 19% OF KPC STAKE VALUED AT US$ 950 MILLION TO CIC
COALspot.com: PT. Bumi Resources announces that 19% of its holdings in Kaltim Prima Coal (KPC), valued at US$ 950 million, has been transferred to ...
Thursday, 03 July 14
PANAMAX : IN THE ATLANTIC, OWNERS ARE WILLING TO FIX AT ABOUT $2.5K PER DAY - FEARNEYS
Handy
In its latest weekly report, shipbroker Fearneys noted that, this week seems to have been more of a wait and see game between owners and ch ...
Wednesday, 02 July 14
NEWMONT FILES FOR INTERNATIONAL ARBITRATION ON ORE EXPORT BAN - THE JAKARTA POST
PT Newmont Nusa Tenggara (NNT), a subsidiary of United States-based Newmont Corporation, has filed for international arbitration against the govern ...
Wednesday, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...
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- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
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