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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnage on ppt /beg of June positions. US Gulf to the Far East is slowly but surely firming further and more activity seen on transatlantic round voyage. ECSA is balanced with very little movement on rates.
Outlook: stable. The Pacific market remains soft and owners unwilling to come in India due to lack of outbound cargoes. For Indo-India, Supras in North China are getting close to12k. Nickel-ore rounds are getting firm rates in mid-high teens from Indonesia. WCI-China rates slided to 15k and from ECI around 12k. 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 are now asking 15k. Short period deals done at mid-teens for large Supras.
Panamax
After a slow start to the week, we saw more cargoes in the market on Tuesday with both coal from US and grains from ECSA. Especially the Pacific basin took a turn on Tuesday evening with chrts chasing prompt ships which were lacking. NoPac rounds were fixed at around 14k and still climbing, while the Atlantic rounds were fetching around USD 15k. Fronthauls hovering around USD 250k. It has been some short period activity this week with rates hovering around 13/14k. It was also rumored a kmax being fixed and failed for 3 years at a tick more than USD 14k.
Capesize
Finally some good news for ship-owners with interests in this segment, even though rates in general are at a historic low and fundamentals have changed very little over the week. Driven almost entirely by increased transatlantic coal trades and a steady volume on the Brazil/China iron ore run, average spot levels are up more than 50% to come in at close to USD 9k. Pacific is slow and eventless in comparison, though, with resultant levels for the WAust/China ore run only marginally up at USD 7.35 pmt which is still below opex. Expectations are there for this to last a little longer, thus more period fixing is expected - last done is 178kdwt/built 1998 done for 10-14 months at USD 10700/day basis delivery Qingdao mid June.
Source: FEARNBULK
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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
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- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
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