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Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative except Cape. ´Vega Lea´, built 2010, 53716 dwt, was recently fixed by Cargill basis dely dop Spanish Med end September trip via Tampa redel India usd 25250 daily, which is low. There is some hope that grains will pick up but no sign of this as yet. Outlook: softening of rates on prompt positions. With holidays throughout the East it has, as expected, been quiet with an air of negative sentiment. Indian Ocean rates have struggled and it seems that owners are aiming back to the Pacific Basin or Atlantic instead of waiting for iron ore to firm up the rates. However, Indonesia into India remains active. Nopac rounds and Pacific rounds are somewhere around the 18,000 level. Some still prefer short period but owners are struggling to match up to charterers rates.
PANAMAX
The Panamax continued its downward trend from last week, however the Chinese re-entered the market on Monday. We see more cargoes in the market, but several of these cargos are tender biz. The steel production in China has picked up a bit again, and this should be positive for the iron ore prices and the shipping market. The longer period market is absent with what´s done-done private. Tarvs fetching around very low usd 20´s, fronthauls around 30k and Pac rounds fixing in the high teens. For the rest of the week we expect some more activity as the Chinese have holidays coming up (1/7 Oct) and the "Golden Week" coming up the week after. They will most likely need to clear out business matters before this holiday.
CAPESIZE
The back end of last week began to show some signs of improvement in the market. The expectation was that this week would be active as the Far Eastern markets were back at work and would be busy clearing their desks, pending next week’s holidays. This has cautiously proven to be true. First led by the paper market and then followed by physical fixtures. The fronthaul market has moved from mid usd 20´s level to usd 28.00 pmt for Brazil/China, and vessels in the Pacific are securing round voyages in the mid usd 30000 range. The Atlantic is still a bit sluggish and the bids are actually below the rates achieved in the Pacific. There has been little activity on the period front, except a rumor that one of the ore majors has taken a vessel for short period in the mid usd 30´s.
Source: FEARNBULK
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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Australian Coal Association
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- PTC India Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
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