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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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Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
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- VISA Power Limited - India
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- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Australian Coal Association
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- Dalmia Cement Bharat India
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- Global Business Power Corporation, Philippines
- The University of Queensland
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
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- Parliament of New Zealand
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- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
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- Binh Thuan Hamico - Vietnam
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- Anglo American - United Kingdom
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- Marubeni Corporation - India
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- Coal and Oil Company - UAE
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- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
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- Planning Commission, India
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- Coalindo Energy - Indonesia
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- Ambuja Cements Ltd - India
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- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
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- Ministry of Transport, Egypt
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- Heidelberg Cement - Germany
- Eastern Coal Council - USA
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- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
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- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
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- Latin American Coal - Colombia
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- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
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- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
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- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Eastern Energy - Thailand
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- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
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