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Thursday, 19 November 15
RATES FOR CAPES KEPT MOVING SOUTH - INTERMODAL
 COALspot.com: With the BDI currently standing at less than 30 points above the historical lows marked in February this year and with activity across all size segments unable to support rates, which have been tumbling week over week for almost two months now, it is very hard to find arguments supporting a positive correction during the winter season, said Intermodal in its weekly report released yesterday.
The Greece based broker furhter noted that, “ At the same time the fact that the majority of market talk has pretty much accepted that we are experiencing a déjà vu of last winter, has turned the collapse of rates into a self fulfilling prophecy that allows charterers to hold firmly the upper hand and is at the same time pushing more owners that are desperately looking for cover during the following months to accept below OPEX rates for short to medium period T/C contracts. Lay ups or increased demolition activity remain two possible ways in which balance can be restored in the market, with the former appearing slightly more appealing at the moment.
Unable to put forth an resistance amidst continuous thin business across both basins and despite the fact that the presence of majors in the spot market last week was evident, rates for Capes kept moving south, while following today’s Baltic closing, average earnings for the segment are now quoted below $6,000day.
Commenting on Panamax, the broker noted that, the fate of the Panamax segment was not much different either, with further pressure in the Atlantic market evident in the exceptionally low rates quoted for transatlantic business, while at the same time Pacific business was hardly paying $5,000day.
Rates for Handymax / Supramax tonnage were still outperforming the rest of the market positionally, managing to put forth some resistance, while the Handysize market failed to offer a positive surprise despite the increased number of business reported in the market, the broker Intermodal noted on smaller size segment ships.
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Tuesday, 03 November 15
EU OIL MAJORS FACE FURTHER EARNINGS DECLINE IN Q415 - FITCH RATINGS
The sharp drop in major European oil companies' third-quarter profits is likely to be extended in the fourth quarter as refining margins, which ...
Monday, 02 November 15
DESPITE CHALLENGING MARKET CONDITIONS, ADARO LOWERS COSTS, DEBT AND DELIVERS STRONG FREE CASH FLOW
COALspot.com: Despite challenging market conditions, Adaro lowers costs, lowers debt and delivers strong free cash flow.
The Indonesia’s ...
Monday, 02 November 15
CFR SOUTH CHINA COAL SWAPS CLOSED ON A WEAK NOTE
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined US$ 1.81(3.71 %) per ton month over month.
A commodity swap ...
Sunday, 01 November 15
THE FREIGHT MARKET SENTIMENT REMAINS WEAK
This week’s freight market sentiment remains weak compared to last week.
The Baltic Dry Index (BDI), an economic indicator issued daily ...
Saturday, 31 October 15
ADARO ENERGY'S CORE EARNINGS DECLINE 21 PER CENT FOR THE NINE MONTHS PERIOD TO SEPTEMBER 2015
COALspot.com: Adaro Energy's core earnings decline 21% to US$228 Million for first 9months of this year compared to the same period last year. ...
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- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
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