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Thursday, 19 August 10
PANAMAX BACKED BY A STRONGER SHORT PERIOD MARKET AND SUPPORTED BY SOME FRESH REQUIREMENTS - FEARNBULK
Handy
The events of this week have confirmed our assessment of last week i.e. activity gradually picked up in the Atlantic with more enquiry seen for short period tonnage for mid/end of August - it is rumoured tonnage achieved high 20´s! Continent, Black Sea and USG have been much more active and with the grain season coming up, expecting the Atlantic to firm up even further. Rates are at mid/high 30´s for t/a rounds on Supras and low 40´s for trips FEast. Outlook: firm. The FEast market was firming during the last week. For NOPAC rounds Supras were fixed in the high teens. For Indo/India rates improved quite a lot, large Supras were fixed at mid 20´s. For short period Supras trading at low/mid 20´s. India; from WCI Supras could achieve high teens for trips to China but it´s still quiet out there and everyone is looking forward to the end of the monsoon season. For R´Bay rounds Supras trading in the high teens.
Panamax
Backed by a stronger short period market and supported by some fresh requirements the sentiment has been more positive this week with the spot market firming slowly in both hemispheres. Expectations for a stronger Q4 and 6.5% increased congestion last week does to some extent assist the optimism. On the other hand new buildings are still pouring out at a rate of 2 bulk carriers/day, spot activity relatively slow leaving mixed feelings to the recent upturn and market sustainability. The Atlantic basin seems fine balanced in the upward trend, with Continent in particular being tight for tonnage. TA rounds are typically in the mid/high 20´s and fronthaul mid 30 ´s + bonus for Aden transit. The Pacific now up to 23-24k for NOPAC rounds, and above mid 20´s for Indonesia rounds or trips via ECSA. Short periods are now at 27k whereas one year has been fixed at 26k. Owners are actively promoting short period, 1 and 2 years, and although takers are there the market shows ambiguity.
the market shows ambiguity.
Capesize
Last week´s upward movement in the freight market was operator driven. The previous week´s standoff between charterers and operators resulted in a flurry of fixtures which, all but, cleaned out the vessels in ballast to Brazil. The combination of this and Vales terminals returning to normal operations, granted owners with for higher rates. The paper market followed suite and this resulted in a few period fixtures being concluded in the low usd 30k´s level. This week started again with a standoff, but so far the rates have edged downwards slightly, while Baltic Index has been catching up with last week’s levels. Ultimately the market remains relatively flat with, but could drive upwards again if the operators return to the market, but unlikely to be dramatic as the influx of new tonnage has a dampening effect.
Souce: FEARNBULK
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Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
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- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
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