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Thursday, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requirements on the market but Owners are resiting the temptation in the hope that markets will recover further in the next coming weeks on the back of positive indexes across all sizes on Monday/Tuesday.
Outlook : Uncertainty and volatility. There is continued upward movement in the Pacific region as prompt tonnage remains tight. Supras in S. China are fixed at low teens for trips via Indonesia to India with coal. Supras on WC will see at least USD 20k and EC rates have also improved to about 16k levels for iron ore trips to China. Red Sea; ferts on handymax/ supras are fixed at mid 20´s pmt on voyage bss to WC India.
Panamax
The Panamax market continued its positive trend from last week much driven by increased grain activity out of ECSA and USG. This lead to firming rates in both hemispheres. This week we see more cargos giving support to the rates, contrary to last weeks´ FFA driven market for short/ long periods. The short period market continued to firm up this week and for LME´s with Sth China delivery owners are getting USD 18.5k-19k. Tarv ´s paying around USD 15k while fronthauls with Cont dely are getting in region of USD 25k daily. Pac rounds are being fixed at around 15k and a backhaul was done on Wednesday at USD 5k. Chrts interested in taking in1-year deals, needs to pay around USD 17k. We find it hard to clearly state that this market will continue firming as we see some pressure from FFA´s and the bigger Capes.
Capesize
Activity is up and fair - but apart from compensating rising bunker costs,spot rates and consequent daily earning are still at levels not sufficient to cover operating expenses. Oversupply of tonnage remains the one factor to which the present crisis is attributable, and sharply accelerated scrapping combined with general slow-steaming appears the only way to bring this segment anywhere near short- and long term equilibrium. Whilst performance failures spread and rumours of financial uncertainty looms over a number of profiled players, average spot earning have improved marginally to come in at USD 7k/day. Widespread "warm" ayup is expected - for vintage units in particular. A few majors still take period tonnage at huge premiums to spot - but with partial support from paper trades - last exemplified by 178kdwt/built 2010 done for 4-6 months basis delivery S.Korea prompt at USD 16k.
Source: FEARNBULK
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Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Australian Coal Association
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- The University of Queensland
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
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