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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, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
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