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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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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- CIMB Investment Bank - Malaysia
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- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
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- Thiess Contractors Indonesia
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- Indian Energy Exchange, India
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- Petrochimia International Co. Ltd.- Taiwan
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- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
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- Power Finance Corporation Ltd., India
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- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
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- Metalloyd Limited - United Kingdom
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- Tamil Nadu electricity Board
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- India Bulls Power Limited - India
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- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
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- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
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- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
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- Ceylon Electricity Board - Sri Lanka
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- Salva Resources Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
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- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
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- Medco Energi Mining Internasional
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- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
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- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
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- New Zealand Coal & Carbon
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- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
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- Bhoruka Overseas - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- GVK Power & Infra Limited - India
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- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
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- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
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- Essar Steel Hazira Ltd - India
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- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
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- Parliament of New Zealand
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- Gujarat Sidhee Cement - India
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- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Toyota Tsusho Corporation, Japan
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- Australian Coal Association
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- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
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