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Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. Supramax vessels open in USG are now achieving low 50´s to the Med and mid/high 50´s to the FEast. Handymax tonnage ex Bsea achieving high 30´s fronthaul, supras high 40´s. The immediate outlook is for flat/stable conditions. In the FEast, despite the holidays, the market remained firm with an upward sentiment.
For NoPac rounds ex N.China expect mid/high 20´s, and a tick less for Indo/India and Indo/China coal trips.
Activity on WCI is slowing with the Monsoon fast approaching, WCI to China mid/high 30´s and low 30´s for trips via R.Bay. The period market was still firm, for short period Supras trading high 20´s. Chinese coal production is booming after the harsh winter.
Panamax
The Panamax market left last week on a positive note with high activity ww. The trend continued into this week with firming rates, giving support to the period market. It was concluded several short period fixtures and mid week it is rumored a few 10/12 months deals being concluded in the Atlantic at levels ard usd 32,500 and 28k in the Pacific.
Pac rounds are fixed at usd 34k and ows asking 35k for same. Atl rounds getting high 30´s and fronthauls in the mid 40´s range. In Feb, India exported more iron ore to China than Brazil did. Monsoon season is kicking in there now so this will be limited until September.
Capesize
An interesting week with firming rates all over! The Pacific market remains strong with a current Australia - China market in the high USD 13s.
For fronthaul, rates improved to mid 30s earlier this week. These relatively strong numbers are well supported by an active short period market improving from mid 30,000s to close to mid 40,000s in one week. The main drivers this time is as always the FFA market, along with more coal cargoes from the Atlantic to the Far East.
Source: FearnreSEARCH
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Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Madhucon Powers Ltd - India
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- IHS Mccloskey Coal Group - USA
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- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
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- Standard Chartered Bank - UAE
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- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
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- Siam City Cement PLC, Thailand
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Vedanta Resources Plc - India
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- Central Electricity Authority - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
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- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
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- Thai Mozambique Logistica
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- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Parliament of New Zealand
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- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
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- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
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- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
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- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
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- Gujarat Electricity Regulatory Commission - India
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- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
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- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
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- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
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- Straits Asia Resources Limited - Singapore
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