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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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Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
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- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
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- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- The University of Queensland
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- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
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- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
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- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
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- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
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- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
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- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
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