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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, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
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- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- The University of Queensland
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
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