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Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
Nevertheless we see a bit more activity today in the Atl. T/A rounds pay mid 20´s. Hmaxes open in USG to Med/Cont got low 30´s, mid 30´s to WCCA, and 41k to FEast. Nueva Fortuna was rumoured chartered by ABT at usd 29.5k basis dely Miss River via NCSA to the Cont. Reduced short period activity. The outlook is firmer markets in the Atl. as the grain season is fast approaching. The FEast market was stable and very quiet due to holidays in the east. Owners with open positions holding firm and wait until some of the markets open again. For Pac rounds Supras can get high 10´s, for Indo / India coal around low 10´s, and backhauls in the very low teens.
The period market was still firm, for short period Supras trading low 20´s.
The Indian market is firming a bit, due to lack of tonnage in the region. Supras with i.ore from WCI to China fixed in the low 30´s and for Rich.Bay rounds back to India in the low 20´s.
PANAMAX
Slow week with a low fixing volume in both basins. Market rates have been stand still for about a week, but now the Chinese holidays are coming to an end and the expectations of a rise in the market rates are evident with more cargo possibilities and a stronger period and paper market. The Panamax Baltic average index was down 7 (3087 to 3080). TA´s fixed around USD 24500, with a small premium for breaching IWL and fronthauls paid in the USD 34000 region. In the Pacific, rv´s concluded tick below USD 24000, and backhauls done at USD 16000. 4/6 months fixed 27000 with Japan delivery.
CAPESIZE
As expected the week started and has remained relatively slow in the wake Chinese New Year and Brazilian Carnival celebrations. Few fixtures have been reported, but what has been reported has shown an upward tendency. The fronthaul was concluded at higher levels with prompt charterers offering closer the usd 30 pmt mark.
With Brazil closed no-one has been able to get shippers approval of nominations and this might prompt a flurry of activity once they are back at work potentially driving the rates upwards. On the West Australia route a little improvement has been seen, but this only on the time charter trip rates, voyage rates are still lagging. One notable short period fixture has been concluded at usd 37,000 daily which is a considerable improvement and indicates that some believe the market will rebound with the Chinese are back at work.
Source: FEARNRESEARCH
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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
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- Larsen & Toubro Limited - India
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- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
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- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
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- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- PTC India Limited - India
- The State Trading Corporation of India Ltd
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- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
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- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
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