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Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless large Supras are achieving USD 21/22k for TA rounds - 2/3 laden legs within the Atlantic which is actually not bad at all. As advised the pre-Xmas rush is keeping the market afloat but a large amount of tonnage is pouring into the Atlantic (ballasters from India etc.) and this should exerce downward pressure on rates by end Dec/1H Jan. USG is quite active on the petcoke side. Outlook: Flat. The FEast has been under real pressure over the past week. With the holiday season here owners are keen to just get vessels in employment with quick business then see the direction in the new year.
Vessels are fixing for Indo rounds in the low 10´s and even hear of a large Supra fixing sub 10k opening N.China for a trip to India. Nopac rounds are also few and far between but paying a tick more. Off WC India tonnage has been somewhat tight and the level seems to be around 15/16k for trips back to China with iron ore.
Panamax
The Panamax market experienced limited activity and consequently continuous softening of rates in both hemispheres. The FFA´s traded steady arnd USD 16k for Q1, while 1 year TC period in the physical market was pending arnd USD 16-17k. Not many signs for market recovery last days of this year, especially Pacific has an oversupply of tonnage and lack of new orders to back up. Question now if market reached a level where owners and operators start picking tonnage again. Prompt Atlantic rounds fixed at USD 19-20k while the Pacific rounds sub 10k.
Capesize
Santa clause did not come early this year. Whilst there has been anticipations in the market that bottom would soon be reached, rates continue to drop. For Australia to China, chrtrs are now targeting below USD 8 pmt, with last done at very low 8s. Tubarao/Qingdao is slowly approaching USD 20s, although there has been some resistance on this route. All in all the market needs a Christmas break, and hopefully activity will be speeding up early next year. However as it looks right now, expectations remain poor.
Source: FEARNBULK
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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- PTC India Limited - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
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