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Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips from USG to Feast fixed at USD 17k. The Pacific market remained firm with more cargoes in the market. Indo-India rounds now done at USD 14k bss Singapore. Nopac rounds at USD 9000 bss dop Japan. RBCT rounds done at USD 8000 + BB 300k bss APS. Red Sea fertiliser cargoes to India now fixed in mid teens. Short period rates were around USD 9500 for large eco Supra.
Panamax
The positive vibes in the Atlantic remains, as tonnage is tight for prompt requirements. However, fresh requirements and volumes could gradually decline before the coming season holidays and year end putting downward pressure on the market. Levels for TA rounds 9000+ and about 14,500 for trips out. In the Eastern Hemisphere the sentiment is losing strength despite Indonesian coal trade still being fairly active. Nopac rounds are few and reported even under 6000. SE Asia and Australia rounds hovering in the 7000´ range. Period activity reduced to a minimum, but 8-15 months apparently done at 8000. Short period levels are closer to 7000. Forward cargoes are being rated even lower the FFA values descending towards 6000 for Q1 and 6800 for 2013.
Capesize
Rates have softened on all fronts this week. In the Pacific, despite good volume coming from West Australia, there is a large number of ships ballasting toward Brazil. With the lack of fresh front haul business, owners are reluctant to add to the list of ballasters, and this has put downward pressure on the Australian route. At the time of writing the rates have fallen below USD 8.00, down from over USD 9.00 last week. On FH and TA, there continues to be very little December volume, thus with little tonnage fixed, the rate for Tubarao to China dropped to USD 19.50 pmt. Consequently on the period side, the front end of the curve continues to slide and is forcing owners to lower their expectations, with the daily rate for 9-13 months around low 9000s, closely resembling Cal 13 paper contracts.
Source: Fearnleys AS
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Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
Tuesday, 04 December 12
JATENERGY SIGNS MOU FOR INDONESIAN COAL ASSET
COALspot.com - Jatenergy Limited has announced that its fully-owned Indonesian subsidiary, PT Barata Energy (BE), has signed an exclusive, non-bindi ...
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- Indonesian Coal Mining Association
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- India Bulls Power Limited - India
- Heidelberg Cement - Germany
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- The Treasury - Australian Government
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- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
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- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
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- Jindal Steel & Power Ltd - India
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