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Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity remains low and has continued to slide. Very little fresh enquiries ex. Black Sea is forcing tonnage to ballast towards Gib. Maria L was reportedly fixed 15500 usd for 2 ll redel Atlantic. Outlook: flat. The Pacific market started off the week slipping but it appears that it may have bottomed out with rates remaining firm, particularly for Indonesian business into both China and India. Indonesian rounds are achieving in the low 10´s however, owners are still not that keen for trips to India. A lack of prompt tonnage means that rates appear to be remaining stable. Off the west coast of India vessels are getting around the 13,000 level to China. Very little RBCT activity to speak of.
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PANAMAX
A little more positive sentiment in the Panamax market this week in both hemispheres, some new enquiries in the Atlantic pushed rates a tick up. Pacific had a more slow beginning but increased somewhat from midweek, 3/5 months period redel ww fixed at usd 20k. Transatlantic r/v arnd 17-18k level while Pacific 16.5k-17k. Fronthaul pending around usd 25-26k while backhaul remain poor if finding cargoes at all at 10k level. Might be we face an end of year effect in the market with charterers selling out their stocks, which can be positive on short term, while the long picture is more uncertain.
CAPESIZE
A very quiet week with mostly repeat business, rate wise, until now where the levels are sliding. The absence of Vale on the front haul leg has effectively prompted the slide. There have been some tight Atlantic positions where vessels have commanded premiums but, this has been for North Atlantic loading and very prompt positions. On the period side, there has been some activity with a good unit fixed at usd 30k daily.
Spot coal has also been concluded but the volumes have not been enough to move the market. All in all a colorless week.
Source: FEARNBULK
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Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
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- Economic Council, Georgia
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- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
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- International Coal Ventures Pvt Ltd - India
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- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
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- Rio Tinto Coal - Australia
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- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
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- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indonesian Coal Mining Association
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- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
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- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
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