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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 $20K and very little activity on Nopac rounds. Period enquiries still there but charterers are not willing to pay the rates as market slides.
Panamax
The Panamax sector is still suffering from less demand and activity has been low the last few days. Typical levels are in the mid upper 30´s in the Atlantic and mid 20´s in the Pacific. Some fixtures reported still at decent levels, but trend is clearly downwards. More spot positions in the Atlantic and Pacific combined with less fresh orders and chartrs reluctant to fix their requirement, indicate market will continue down. The period market has cooled down with less takers although Owners holding on to their rates. Market activity may also be somewhat influenced by the Posidonia taking place this week.
Capesize
Rates have been decreasing over the last week with Australia round voyage presently at low USD 12s and Tubarao - Qingdao in the very low 30s. Although rates have been in more or less free fall in the Pacific from monday some resistance is seen mid week with the Australia round up as the only one of the Baltic routes. There is more optimism in the market as we are approaching end of the Posidonia in Greece!
Source: FEARNRESEARCH
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Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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