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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 for the next weeks. Supramax vessels open in USG are still achieving low 50´s to the Med and mid/high50´s to the FEast. Handymax tonnage ex Bsea achieving high 30´s fronthaul and supras high 40 ´s. The immediate outlook is for flat/stable conditions. The Market in the FEast continues to slide with fresh tonnage coming open, adding to many already spot vessels, it seems that t/c rates will continue to slide - whether these levels continue once the tonnage clears is yet to be seen. As expected India rates continue to soften with iron ore WCI/China fixing around the $20K level. Similar levels for a Pacific RV at low $20K and very little activity on Nopac rounds. Period enquiries still there but charterers are not willing to pay the rates as market slides.
Panamax
The Panamax sector is still suffering from less demand and activity has been low the last few days. Typical levels are in the mid upper 30´s in the Atlantic and mid 20´s in the Pacific. Some fixtures reported still at decent levels, but trend is clearly downwards. More spot positions in the Atlantic and Pacific combined with less fresh orders and chartrs reluctant to fix their requirement, indicate market will continue down. The period market has cooled down with less takers although Owners holding on to their rates. Market activity may also be somewhat influenced by the Posidonia taking place this week.
Capesize
Rates have been decreasing over the last week with Australia round voyage presently at low USD 12s and Tubarao - Qingdao in the very low 30s. Although rates have been in more or less free fall in the Pacific from monday some resistance is seen mid week with the Australia round up as the only one of the Baltic routes. There is more optimism in the market as we are approaching end of the Posidonia in Greece!
Source: FEARNRESEARCH
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Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
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- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
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- Price Waterhouse Coopers - Russia
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- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
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- Metalloyd Limited - United Kingdom
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- Australian Coal Association
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- Makarim & Taira - Indonesia
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- McConnell Dowell - Australia
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- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
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- Commonwealth Bank - Australia
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- Global Coal Blending Company Limited - Australia
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- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
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- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
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- The University of Queensland
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
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- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
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- India Bulls Power Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
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- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
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- GVK Power & Infra Limited - India
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- MS Steel International - UAE
- Economic Council, Georgia
- Attock Cement Pakistan Limited
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- Parliament of New Zealand
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- Singapore Mercantile Exchange
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- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Oldendorff Carriers - Singapore
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- Salva Resources Pvt Ltd - India
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- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
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- Jindal Steel & Power Ltd - India
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- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
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- The State Trading Corporation of India Ltd
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- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
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- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
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- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
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- Cigading International Bulk Terminal - Indonesia
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