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Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid 50´s to the FEast and there is more petcoke moving ex USG. T/A rounds at mid 20´s. Handymax tonnage ex Bsea is achieving mid 30´s fronthaul and Supras low/mid 40´s. Solym was rumoured to have taken the Maha Avanti dely Wafr for 5/7 mos redel Atlantic at USD 27500. Handies (27/28000 dwt) now achieving rates around usd 20000/day to stay in Atlantic, a 23000 dwt was rumoured fixed 20000 for sugar via Brazil to SE Asia. The outlook is for stable conditions. The FEast was stable during the last week. For Pacific rounds Supras were fixed in the mid 20´s. For Indo/ India coal trips Supras can achieve low 20´s. For short period Supras trading in the mid/high 20´s. The Indian market for iron ore trips from WCI to China picked up some activity and Supras trading in the low/mid 30K. For South African rounds back to India Supras can achieve around mid 20´s.
Panamax
Panamax spot market has fallen back slightly over the last week although on low volume indicating resistance. With a still active period market and FFA market falling only marginal the spot market turned early this week to gain strength in both basins well supported by the re bounce in the Cape sector. Fresh grain requirements are still coming out, activity has increased, but market comeback could be just as much sentiment driven. Pacific rounds were fixed just under the 30.000 mark for NOPAC/Auisse rounds and even long hauls for ECSA. Atlantic rounds descending towards low 30.000 and fronthaul fixed at low 40.000´s until picking up a few thousand dollars all over. Period market is still active both for short period like 4-6 but also for both 1 and 2 years charter around 28 and 24+ respectively. The FFA market took a breather after a nice re bounce on Tuesday which could indicate we still see room for upside in Panamax freight levels.
Capesize
Activity and rate levels picking up dramatically on the back of increased demand - originating from Atlantic in particular - concurrent with persistent rumours that ore negotiations are coming to conclusion. Tubarao/China fronthaul rates are up 43% in terms of daily earnings to usd 63000, whilst the W.Australia/China conference trade is up 21% to come in at usd 34000/ day. Average daily earning stand at usd 38500, up usd 11000 w-o-w. Spot improvement is supported and partly driven by paper trades, with a resultant revived period interest from major players. Representative fixtures include 169000 dwt/2009 open China early May securing 12 months at usd 34500, 170000 dwt/1999 open China ppt doing 3.5-5 months at usd 34000, and 174000 dwt/2006 open China mid May fixing 12 months at usd 33500.
Source: FearnreSEARCH
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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Parliament of New Zealand
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
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