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Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap but the flooding in the Mississippi could have a negative effect on the market. The S.Atlantic is a bit more active and seeing more and more tonnage ballasting from Med. The Bl.Sea is difficult for Supras. Trips to Feast are at 20k+400k levels.
Outlook: Steady.
Pacific market remains quiet. For Indo-India, Supras in N.China gets close to 13k. Nicke-ore rounds get firm rates in high teens from Indonesia. Also many owners prefer to do now Indo coal or nickel ore to China rather than going to India owing to monsoons. WCI-China rates slided to 15k and from ECI around 13k, but few ships seen ballasting to Indo as not much cargoes ex-ECI. Red Sea, ferts on handymax/Supras are fixed at very mid 20´s pmt on voyage basis to WC India. Large Supras for RBCT/ India round now asking 15k. Short period deals done at mid-teens for large Supras.
Panamax
Another relatively slow week still shoving some activity from EC South America, but some fix and failures as market clearly is in a downward trend. Rates nudged up to the mid USD 25k daily range and around USD 500k bonus on the run to the eastern hemisphere. For Transtlantic business the pressure on the Continent for prompt tonnage seems to ease and rates on average around the 13k mark. Rates in the Far East also heading south with spot-prompt ships struggling to find cover from any fresh orders as rates descend closer to the 10k level. Period business very limited and the forward market now rating the next 18 months just under USD 12k/day. Other segments not adding any support or fuelling a bearish sentiment.
Capesize
During the past week, 2 more 12-month period deals have been done at a lower USD 11500. Even as new lows are reached the volume is thin. The recent fall in bunker prices has not come to the owners benefit, but rather to the charterers. Rates across the board have fallen during the last 7 days and today the weakest market is the in the Atlantic. With the present spot market charterers are also struggling to make sense of taking short period vessels as it is difficult to recover the premium vis-a-vis the spot market.
Source: FEARNBULK
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Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...
Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...
Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...
Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...
Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
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- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- PTC India Limited - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Australian Coal Association
- CNBM International Corporation - China
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
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