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Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm. The Cont remains also quite firm. A 45k dwt got usd 23750 bss dely Gib via Cont to E.Med with scrap. Hmaxes open in USG still get high 30´s for trips to the Med/Cont. The short period market remains active with a 58.5k dwt rumoured fixed around 28k/day for 3/5 mos dely SpanMed - some similar fixed usd 33k. The outlook is for a pursued firm markets in the Atl. The FEast market is still softening as we move towards Chinese New Year. For Pac rounds Supras can achieve mid/high 10´s and for Indo/India coal trips around low/mid 10´s. For backhauls Supras trading in the very low teens. It seems there was little interest for period biz over the week, Supras trading low 20´s for short period. The
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“The Indian market softening a bit.Supras with Iron Ore from WCI to China fixed in the high 20´s/low 30´s and in the mid 20´s from ECI. For Richard Bay rounds back to India”
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Indian market softening a bit; Supras with i.ore from WCI to China fixed in the high 20´s/low 30´s and in the mid 20´s from ECI. For Rich.Bay rounds back to India
Panamax
The Atlantic market rates have decreased, while the Pacific rates have stabilized and increased slightly the last week. A bigger drop has been prevented by the short period interest and a rise in paper values. Limited amount of fresh Atlantic business, although trips east still available. Still some heavy congested ports in east Australia keeping tonnage off the market. Average Baltic index slightly decreased from 3100 to 3087. A negative future prospect, but we could see a more active market and increased rates, both physical and paper, when the Chinese are back just over the Lunar New year, but probably short lived.
Capesize
The market seems to be in a freefall. After a slow start to the week with rate being repeated at last weeks levels, usd 9.50 for West Australia to China, the market has taken a turn for the worse. The sentiment is so week that modern vessels are offering themselves at lower numbers to charterers without getting responses. The front haul, Brazil/China is also coming off, with time charter fixtures equating to mid usd 20´s per mt. This represents a usd 3-4 per mt fall and there seems no hope in sight with the Chinese headed for their Spring Festival. On the period front, there has been a lot of short period enquiry hoping to take advantage of weaker levels, but few owners willing to sign up at present levels which would be in the low usd 30 ´s even though this is a usd 5-7000 premium over the spot market.
Source: FEARNRESEARCH
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Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- Wilmar Investment Holdings
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- Heidelberg Cement - Germany
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- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
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- Economic Council, Georgia
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- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
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- Energy Link Ltd, New Zealand
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- Australian Coal Association
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- Semirara Mining Corp, Philippines
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- Global Coal Blending Company Limited - Australia
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- Bayan Resources Tbk. - Indonesia
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- Ministry of Transport, Egypt
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- Kapuas Tunggal Persada - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
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- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
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- Eastern Coal Council - USA
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- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
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- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
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- Coalindo Energy - Indonesia
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- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
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