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Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, but what seems as an oasis at this point might very well soon turn into a desert. Baltic/USG is fixed touch below USD 6k while USG positions are paid USD 24/25k for TA´s. Front hauls 23/24k p/d. Pacific market has been falling and with lot of new supplies, rates tend to sluggish. Charterers book vessels on APS basis and ballast bonus barely covering bunker costs. For Indo-India, large eco Supra can fetch close to USD 8500 + BB USD 165k basis APS Indo. Nickel ore cargoes are also less and rounds are fixed at USD 7k dely N.China. Indian iron ore market remains quiet with no activity on WCI & ECI forcing vsls to ballast to RBCT and Indo. WCI-China rates around USD 10k and ECI-China around USD 7k. RBCT rv fixed at USD 10k for vsl opening in ECI. Red Sea fertilisers to India are fixed around mid 20´s. Not much activity seen on short period.
Panamax
The Panamax market experienced a slow start to 2012 with holidays still in some countries. Lack of trading in both hemispheres and a growing list of spot tonnage made the rates slip even further. Mid week we see some more cargoes in the Atlantic which should lead to more activity, but most likely not enough to stop the downward trend this week. Most of the major charterers cleared out their program prior Christmas, and we do not expect any major upturn in the market until 2nd half of January. Tarvs now being fixed around USD 14k while the front hauls are paid around USD 23/24k level. In the Pacific the rounds are being concluded at low teens. The period market experienced some more activity at the start of 2012, as more takers are there at the present levels. Some owners are willing to give options to the periods which in turn attract even more interest.
Capesize
For obvious reasons the market in general has been quiet through the holiday season. Few fixtures were concluded last week, and those few were done at lower levels. The early new year sentiment, together with a number of vessels already in ballast has pressed the market down further. The most recent fixtures from West Australia are down from the USD 11+ level to the upper USD 10´s, with a negative trend. On the front haul, the uncovered demand remaining for January is still unclear, as China is only just back at work, but there are not many vessels that can make January cancelling in Brazil. This could keep a bit of pressure on this leg. The transatlantic market has not woken up yet. Period has been limited to some renewals in direct continuation for 12-month charter, and at flat USD 17-18k level, but this is not believed to be sustainable.
Source: FEARNLEYS AS
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Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Thursday, 05 January 12
DRY BULK MARKET TAKES A PLUNGE OF LOW ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected the first days of the new year are characterized by significantly low chartering across the board of the dry bulk market, pus ...
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- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- PTC India Limited - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- GMR Energy Limited - India
- CNBM International Corporation - China
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
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