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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Continent and Black Sea for the end of July / beginning August which means that rates should stop falling in a nearby future. The Feast market has stabilized over the past week, although market direction is still unclear with limited activity. Tonnage in SEASIA is tight so owners are standing firm on their rates. There is a little more activity off ECI into China with rates in the mid teens, similar rates being seen for Indo RV´s and NOPAC business would be the same but there is little to report. Short period market rates seem to be in the high teens with more enquiries coming out.
Panamax
The Panamax market has continued its slow climb upwards after the long lasting decline experienced the last month. We´ve seen a steady growth of fresh cargoes entering the market for August dates, and this have made owners more confident and are holding back to see a rate increase. This goes especially for the Atlantic basin but we also see steady demand for coal worldwide which in turn helps the rates in the Pacific and Indian Ocean. TARVs are fixed at ard 17/18k and trips Feast with Cont delivery in the high 20´s. In the Pacific the rounds are fixed in the mid/high teens.
Cape size
Combined, summer doldrums and continued Chinese steel-related slowdown give little reason to cheer for cape players. Iron ore volumes in particular remain low, with the resultant WAust/China rounds standing at present USD 6.50 pmt - barely covering operational expenses. Despite this, and despite no short-term recovery evident, major players keep picking tonnage for short/ medium period at huge premiums to spot: 180,000 dwt/blt 2005 done for 4-6 months at usd 20k, 181,000 dwt/blt 2010 done for 4-6 months at USD 20,500 and also reportedly 180,000 dwt/blt 2009 concluded for 4-6 months at around usd 24k (!) - a clear indication of expected upswing for q3/q4 no matter how many n/b´s expected to enter this segment in the very near future.
Source: FEARNBULK
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Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
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- Ministry of Transport, Egypt
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- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
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- McConnell Dowell - Australia
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- Africa Commodities Group - South Africa
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- Toyota Tsusho Corporation, Japan
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- Minerals Council of Australia
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- Indian Energy Exchange, India
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- South Luzon Thermal Energy Corporation
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- Thai Mozambique Logistica
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- Bhoruka Overseas - Indonesia
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- Australian Coal Association
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- Ministry of Mines - Canada
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- Directorate General of MIneral and Coal - Indonesia
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- Orica Australia Pty. Ltd.
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- Economic Council, Georgia
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- The Treasury - Australian Government
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- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
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- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
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- Tamil Nadu electricity Board
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- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
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- Bahari Cakrawala Sebuku - Indonesia
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- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
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- Sakthi Sugars Limited - India
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- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
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- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
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