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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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- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
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