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Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres fetched USD 13k for trips back to the Continent. Fronthual were hovering around USD 13500, while Cannakle deliveries tick above USD 12k for same. The Pacific market is firming up but seems in general little quieter today. Meanwhile, South Africa rates are climbing slightly, WC India/China iron ore rates still hovering between 13/14.00 pmt. Red Sea/India is still at low USD 20´s. Supramax rates remained strong in the east. SE Asia/China-India rates are hovering between usd15/16k.
Panamax
East Coast South America grains could be the joker for the Panamax market in the near future, with rumors of China imports rising to 56 MT this year. Fewer ballasters from the Far East fueled the optimism for ESCSA April loaders, where eco vessels now fix above 16k + 600 GBB APS. With some additional fresh mineral cargoes appearing in the North Atlantic the T/A rounds are slowly moving up to around 6k on T/C. The Pacific market seems to lose some of the positive momentum caught last week, with lack of fresh cargoes and a growing list of open positions. Levels are in the low/mid 7k range. The forward market is descending, affected by the overwhelming supply of newbuildings in all segments. Moreover, rumors and news from struggling owners keep an underlying weak sentiment and trading pace relatively slow.
Capesize
The Pacific activity level picked up without actually bringing the rate up. In fact it fell back marginally. In addition the recent flurry of short period fixing has also ebbed. It does not help that Sanko are seeking restructuring, a new cyclone is building up off Western Australia, and the Atlantic market is still inactive. The indices have continued to drop and the forward paper curve looks a lot like last year´s actual curve, indicating a lack of confidence in the market.
Source: Fearnleys AS
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Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessm ...
Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
...
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- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
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- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
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- Coal and Oil Company - UAE
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- Kumho Petrochemical, South Korea
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- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- The University of Queensland
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- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
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- Anglo American - United Kingdom
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- Energy Development Corp, Philippines
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- Chamber of Mines of South Africa
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- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Australian Coal Association
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- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
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- Edison Trading Spa - Italy
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- Energy Link Ltd, New Zealand
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- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
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- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
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- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
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- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
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- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
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- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
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- VISA Power Limited - India
- Renaissance Capital - South Africa
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- Planning Commission, India
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- Orica Australia Pty. Ltd.
- White Energy Company Limited
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- Economic Council, Georgia
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- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
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- Sojitz Corporation - Japan
- Parliament of New Zealand
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- PNOC Exploration Corporation - Philippines
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- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
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- Indian Energy Exchange, India
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- Mintek Dendrill Indonesia
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