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Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
 Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, due to factors including ones associated with the global economy. While some of the factors have caused a damper on demand, time charter average rates for Panamax ships overall have risen in the last 18 months, without drastic fluctuations compared to Capesize rates.
There was the impact caused by India's ban on export from some ports. Although a small volume affected, it appeared to have had a physiological effect. Recently, there were reports of declining port congestions for Panamax cargoes. Although a sign of strength in demand, it lets rates lose their momentum. Coupling fixtures, stockpiles and reported export volumes on grain, coal and iron ore shows a sign of reliability, consistency and strength of the class.
Rates continue to hover around 16-18K for translantic, 27-29K for Cont/FE, and 9-11K for FE/Cont and 16-21 for FE-RV. While their highs for the year was 43.5K, 49K, 24K and 34K respectively. The average Baltic Exchange T/C rate for the year to date is 26,488 compared to 2009 at 19,295. Capesize year to date is 33,595 compared to its 2009 at 42,656.
Panamax bulk carriers remain the ships of choice, having the right combination of characteristics for transporting large quantities of raw commodities. As the leading coal and grain transporter, the ships have the flexibility in length, breadth and depth to call at most ports. Even as a large pool of Supramax evade the territory of the Panamax, with their gear advantage, the benefits of the Panamax in scale is attractive. There is so far no sign of over capacity of the class. Wall Street listed operators of Panamax dry-bulkers: DryShips, Diana Shipping, Excel Maritime, Baltic Trading, Genco Shipping, Star Bulk Carriers, Seanergy Maritime , Navios, Navios Maritime Partners, Paragon Shipping are poised to benefit from these vessels.
About 1650 Panamaxs’ are currently in the marketplace. The average fleet age is 13 years. Through 2014, only a handful of new builds are set to be delivered.
Excel Maritime, a major owner of the class has had good revenue from the fleet. Standing at about 75% of their fleets, Diana and DryShips have also benefited. The ships make up 77% of Navios fleet, while 66% of Paragons’.
As winter approaches, demand for coal is expected to favor Panamax ships.
Source: Gerson Lehrman Group / Hellenic Shipping
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Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
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- Posco Energy - South Korea
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
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