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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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Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
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- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- VISA Power Limited - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
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