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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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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Planning Commission, India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- The University of Queensland
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
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