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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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Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
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