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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, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
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- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- The University of Queensland
- Australian Coal Association
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Planning Commission, India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
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