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Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS
Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.For indo-india, large eco supra can fetch close to usd 16k for S.china position and NOPAC RV close to usd 14k. Indian iron ore market quiet as not many cargoes seen in market however rates from WCI fixing around usd 10k for WCI-China and 11k for ECI-China. RBCT-India round rates around usd 13k. Red sea fertilizers to India are fixed around mid-20s. Short period rates are around 15k for large supras but seeing less takers.
Panamax
In the Panamax market the Atlantic basin stays tight for prompt/ November tonnage, consequently rates keep stabile at good levels. Owners asking 18-19k in the Atlantic, whilst fronthaul still at firm 27k+ 700 from US Gulf to Far East, and 25/26k from Brazil out. Fresh amount of coal cargoes in Atlantic together with grain out of Gulf to Far East give positive signs for coming weeks. In the Pacific short periods pending around USD 13,250/13, 500 while the NoPac round are being fixed around USD 12k. The backhauls are still hovering around a conservative USD 5k. Despite the constant delivery of new tonnage, demand seems to continue in good pace.
Capesize
Reaching new highs, primarily due to a combination of widespread pacific congestion, generally healthy spot volumes and increased atlantic activity in particular. Having reached y-t-d best spot average of usd 32k, it seems however this segment may be in for a short-term slide. Major miners and mills are predominantly absent, with a resultant build-up of pacific ballasters - remaining spot activity is driven by traders and operators with atlantic focus. Before dropping sharply, forward paper values has given good support to period - resulting in 180000 dwt/2009/china beg nov done for 11-13 months at usd 18k, 207000 dwt/2008/china end nov fixing usd 19500 for 11-13 months and 179000 dwt/2010/china spot for 5-7 months at usd 21k.
Source - Fearnleys
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Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
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- Barasentosa Lestari - Indonesia
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- The University of Queensland
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- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
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- SMC Global Power, Philippines
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- Wilmar Investment Holdings
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- Directorate General of MIneral and Coal - Indonesia
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- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
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- VISA Power Limited - India
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- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
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- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Australian Coal Association
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- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Parliament of New Zealand
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- Cement Manufacturers Association - India
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- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- Commonwealth Bank - Australia
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- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
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- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
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- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
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