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Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballasters busy. Supramax vessels open in USG are now achieving mid 40´s to the F.East, USD 12500 from Cont to USG. T/A rounds remain in low/ mid 20´s. Handymax tonnage ex Bl.Sea is achieving mid 30´s fronthaul, Supras low/mid 40´s. Short period activity is slow. The outlook is for stable conditions. The F.East market was steady during the last week. For Pacific rounds Supras can achieve around mid 20´s for coal or nickel ore biz, for Indo/India coal trips they were fixed in the mid/high teen´s. Because of upcoming monsoon season some owners seem not willing to discount for such trips.
Period: for short period Supras trading in the mid 20´s. The Indian market for iron ore trips from WCI to China is quiet, Supras trading around 30K. For Richards Bay rounds back to India Supras were fixed at mid 20´s.
Panamax
The Panamax market experienced a sit back and watch scenario from both owners and charterers end last week and into the start of this week. There was no clear sign on where the market was going although the underlying sentiment was firm. Several grain cargoes from ECSA and coal from USEC entered the market this week and the tonnage supply is tight for prompt dates. Ballasters from the F.East fixed in region of usd 32,000 daily for ECSA/F.East cargoes on May dates. Pacific R/Vs are fixing in the upper 20 ´s. Tarv´s was fixing low 30´s and fronthauls mid 40´s. The firming spot market is also giving support to the period market. Rumors have it a 73k dwt was fixed on subs for 2 years trading at usd 24,000 daily with delivery PMO.
Capesize
The market has had a depressing week with rates falling across the board. Little or no period interest has been seen. Iron ore pricing agreements, combined with low freight rates have spurred some new selling, or at least putting ore on the water from Brazil, and we have seen Vale conclude a few vessels at low usd 23 (even usd 22 for overaged tonnage). The focus is on early ballasters, and as such little has emerged in terms of real direction for May, though the sentiment, backed by the paper market, is for an improvement in the rates. The Atlantic market still remains quiet and owners accepting lower than Pacific levels for the first time in a long time. Looking forward we are cautiously optimistic that there will be a small improvement in the near future.
Source: FearnreSEARCH
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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
...
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- SMC Global Power, Philippines
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- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
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- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
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- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- The Treasury - Australian Government
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- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
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- Semirara Mining Corp, Philippines
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- Minerals Council of Australia
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- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
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- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
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- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
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- ASAPP Information Group - India
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- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
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- Kapuas Tunggal Persada - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Goldman Sachs - Singapore
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- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
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- Heidelberg Cement - Germany
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- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
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- Parliament of New Zealand
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- Ministry of Finance - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Mintek Dendrill Indonesia
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- Interocean Group of Companies - India
- London Commodity Brokers - England
- Australian Coal Association
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- Global Business Power Corporation, Philippines
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