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Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achieving low/mid 30,000´s to the Mediterranean and low 50,000´s to the Far East. Handymax tonnage ex Black Sea is achieving mid 30,000´s fronthaul and Supras low/mid 40,000 ´s. Nevertheless there are signs of much more fresh enquiries for the next weeks ex NCSA/USG/CONTINENT.
The immediate outlook is for flat/ stable conditions.
Panamax
The Panamax market continued its softening trend from last week seeing rates slip in both hemispheres. With the Chinese on holidays this week until Thursday the activity was very slow and few fresh cargoes entered the market. Tarvs now paying high 20´s while the Fronthaul with delivery Continent now gets around usd 36k. In the Pacific the rounds are paid tick below 25k.
The period market still alive on low pulse with owners not reducing their levels considerably - mid/low 20´s for short period and actually same for 2 or 3 years. With the late steep correction, some market players seem to maintain a bit of optimism upon the return of the Chinese.
Capesize
Last week showed definite signs of weakness with average TC rates falling abt usd 3000 daily from mid usd 47k level. The week opened down as expected, and with China and Taiwan on holiday the rates have plunged, presently averaging below usd 35k. The front haul has fallen from usd 29/30 level to usd 25.00 per mt for second half July shipment. Likewise has the level for ore out or West Australia. Here rates have fallen from usd 12.00 level to usd 10.25 per mt.
There is not much optimism in the market and operators who have been caught long on tonnage have swept the market for cargo, taking what they can get. The period front always has a tendency to lag the physical market and as such has been quiet, with the exception of an Australian miners concluding a 2-year deal in direct continuation of the existing charter at very low usd 30k´s daily commencing Oct 2010.
Source: FEARNRESEARCH
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Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless  ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
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- Planning Commission, India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
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