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Thursday, 19 November 15
RATES FOR CAPES KEPT MOVING SOUTH - INTERMODAL
 COALspot.com: With the BDI currently standing at less than 30 points above the historical lows marked in February this year and with activity across all size segments unable to support rates, which have been tumbling week over week for almost two months now, it is very hard to find arguments supporting a positive correction during the winter season, said Intermodal in its weekly report released yesterday.
The Greece based broker furhter noted that, “ At the same time the fact that the majority of market talk has pretty much accepted that we are experiencing a déjà vu of last winter, has turned the collapse of rates into a self fulfilling prophecy that allows charterers to hold firmly the upper hand and is at the same time pushing more owners that are desperately looking for cover during the following months to accept below OPEX rates for short to medium period T/C contracts. Lay ups or increased demolition activity remain two possible ways in which balance can be restored in the market, with the former appearing slightly more appealing at the moment.
Unable to put forth an resistance amidst continuous thin business across both basins and despite the fact that the presence of majors in the spot market last week was evident, rates for Capes kept moving south, while following today’s Baltic closing, average earnings for the segment are now quoted below $6,000day.
Commenting on Panamax, the broker noted that, the fate of the Panamax segment was not much different either, with further pressure in the Atlantic market evident in the exceptionally low rates quoted for transatlantic business, while at the same time Pacific business was hardly paying $5,000day.
Rates for Handymax / Supramax tonnage were still outperforming the rest of the market positionally, managing to put forth some resistance, while the Handysize market failed to offer a positive surprise despite the increased number of business reported in the market, the broker Intermodal noted on smaller size segment ships.
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Tuesday, 03 November 15
EU OIL MAJORS FACE FURTHER EARNINGS DECLINE IN Q415 - FITCH RATINGS
The sharp drop in major European oil companies' third-quarter profits is likely to be extended in the fourth quarter as refining margins, which ...
Monday, 02 November 15
DESPITE CHALLENGING MARKET CONDITIONS, ADARO LOWERS COSTS, DEBT AND DELIVERS STRONG FREE CASH FLOW
COALspot.com: Despite challenging market conditions, Adaro lowers costs, lowers debt and delivers strong free cash flow.
The Indonesia’s ...
Monday, 02 November 15
CFR SOUTH CHINA COAL SWAPS CLOSED ON A WEAK NOTE
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined US$ 1.81(3.71 %) per ton month over month.
A commodity swap ...
Sunday, 01 November 15
THE FREIGHT MARKET SENTIMENT REMAINS WEAK
This week’s freight market sentiment remains weak compared to last week.
The Baltic Dry Index (BDI), an economic indicator issued daily ...
Saturday, 31 October 15
ADARO ENERGY'S CORE EARNINGS DECLINE 21 PER CENT FOR THE NINE MONTHS PERIOD TO SEPTEMBER 2015
COALspot.com: Adaro Energy's core earnings decline 21% to US$228 Million for first 9months of this year compared to the same period last year. ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Planning Commission, India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- The Treasury - Australian Government
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
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