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Friday, 25 June 10
DEMAND FOR COAL COULD BE GRADUALLY RETURNING - FEARNBULK
Handy
Atlantic markets seeing more activity today (23 June 2010) after a slump the last weeks. Supramax vessels open in USG are achieving low/mid 30´s to the Med and high 40´s to the FEast. Handymax tonnage ex BSea achieving low 20´s fronthaul and Supras low/mid 30´s.
Nevertheless there are surely positive signs of much more fresh enquiries for the next weeks ex NCSA/USG/ CONTINENT. The immediate outlook is for recovering conditions and remains optimistic about future prospects. Last week we experienced the biggest weekly drop in BDI since October 2008. NoPac RV fixed at 20K with similar numbers for Indo RV´s, vessels opening N. China. Low to mid 20´s for ECI/FEast.
Period rates are early/mid 20´s for delivery end June/ July dates. With high season of thermal coal we hope to see the Pacific market stabilise as China imports of thermal coal pick up but there is still decreasing steel demand meaning coking coal and iron ore global imports continue to be low.
Panamax
After a substantial dive on Panamax freight rates in both basins the market seems to level out and possibly enter a turning point mid week. Demand for coal could be gradually returning but overall not enough coal, iron ore, and grains to bring the market back to new highs yet.
Congestion on the ease and new buildings keep coming into the market. However, owners are back to the hold-and-wait attitude although the amount of fresh requirements is not exactly overwhelming. Atlantic rounds fixed at mid/upper 20´s, fronthaul 36k or considerably higher for prompt Continent grain buiz. The Pacific is still in the low 20´s although short Indo rounds may reach closer to mid 20 ´s.
The period market is showing signs of recovery with short period fixtures climbing to 25k from low 20´s hand in hand with the FFA market also getting some more buying interest.
Capesize
Challenging times for the biggest ships as spot demand presently not matching flow of early units. The Atlantic is struggling in particular, as fronthaul cargoes for July dates are few and far between. Ballasters from FEast are plentiful, and consequently the Tubarao/Qingdao conference trade has fallen by usd 3.50 pmt/usd 14k per day to present usd 37k.
The W.Aust/ China trade is on a similar track, with daily earnings for Pacific rounds cut by more than 30% to come in at below usd 20k. Although no sign of recovery evident, numerous major players considering present levels temporary and thus willing cough up upto almost 50% hire premiums for tonnage willing short period.
Source: FEARNRESEARCH
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Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
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- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
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