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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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Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
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- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
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