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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, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
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