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Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
 Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at USD 29,491 on Monday. Lack of tonnage in USG pushing rates above 50,000 USD mark for Supras. Less transatlantic business though.
Outlook: Firm conditions in the Atlantic set to continue. The Far East market continued to firm. For Pacific rounds Supras trading in the high 20´s/low 30´s, for NOPAC rounds Supras can achieve in the mid/high 20´s and for Aussie Rounds around low 30´s. For Indo/India coal trips Supras have seen around low/mid 20´s. The period market was quite active, for short period Supras were fixed in the high 20´s/ low 30´s.
The Indian market was quiet, but because of the tight tonnage situation still firm. For iron ore trips from WCI to China Supras trading in the low/mid 40´s and Supras open ECI can achieve high 30´s/low 40´s for trips to China.
Panamax
Still increased activity from ECSA contributed to further strength and firm Panamax sector, where ballasters from Fareast have fixed at 33k levels for full r/ v. Lack of tonnage made room for further strength, and front haul from the Atlantic has been fixed from the mid 40k levels even up to mid 50k level for voyage basis Cont. or Black Sea positions. Pac r/v fixed at low 30k and India to China above the very healthy 50k mark.
The period market is still active with short period levels typically in the mid 30k range for Fareast positions, above 40k for Atlantic positions and very high 20k for one year. Takers are also there still for 2 years at 22k/day. The FFA market has been moving sideways under pressure from the Cape market but holding levels with the firm physical market conditions. It seems the underlying optimism for Q2 is still around supported by the grain market, although under question with an expected reduction in the Coal market and a ratio to the Cape market in the relatively low 1.2 range.
Cape size
Last week started off with much uncertainty until Wednesday, when the market suddenly raised, mainly due to increased activity in the Fareast by RioTinto, BHP, and FMG. Highest done for Australia to PRC was USD low 14s pmt, however this week the charterers are inactive and the rates dropped to USD low 11s pmt.
The front haul market was improving last week as well, mostly due to the overall sentiment, however number of ballasters and early ships compared to absence of early cargoes have resulted in rates decreased from low USD 30 pmt to approximately USD 26 pmt. Apparently still a lot of uncertainty also related to the ongoing price negotiations of iron ore, however there are some signs that iron ore stock piles in PRC are decreasing and more activity is expected for this spring.
Source: FearnreSEARCH
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Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
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- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
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- Trasteel International SA, Italy
- White Energy Company Limited
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- Economic Council, Georgia
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- Energy Development Corp, Philippines
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- The State Trading Corporation of India Ltd
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- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
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- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
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- Wood Mackenzie - Singapore
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- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
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- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
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- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
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- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
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- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
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- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
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- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
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- Australian Coal Association
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- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
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- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
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- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
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- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
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- Electricity Authority, New Zealand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
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- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
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