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Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS
Handy
The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacific market is quiet with not many cargoes. Indo-India now been reported at APS basis at USD 10k+BB 85k. WCI-China was bit busy with cargoes like salt, grains, iron ore and rates were around USD 10k, whereas ECI/China was quiet and rates were 6k respectively. RBCT rounds fixed at USD 9k+300k BB. Short period rate for large eco Supra was around USD 9000.
Panamax
Reasonable levels and a fairly balanced market as the main headline in both hemispheres mid-week. Some positive signs in the Atlantic basin although on thin volumes and limited fresh business. T/A rounds in the mid 8 to mid 9k range. Fronthaul predominantly based on ECSA activity around 16 k with equiv BB for ballasters, with a growing fleet in waiting mode. Vale have also been active lately but ballasters from Feast covering most of the cargoes, so limited impact on Atlantic. Feast flooded with tonnage and new buildings combined with limited new biz causing a descending trend still healthy 9-10k done both for NOPAC and SE Asian rounds. We also expect market to slide downwards. Low activity in the period market as a majority of takers is more bearish.
Capesize
Levels remain at close to all-time low, although cosmetic spot improvement is presently seen. Probably driven more by optimism than the actual marginal increase in physical demand for prompt tonnage to carry iron ore from Waust and Brazil, daily average TC-returns are up 5% w-o-w to USD 4500 - still some USD 3k short of covering daily operating costs. Transatlantic coal trades are back to normal/catching up backlog after Colombian strikes, but the influence of same appears not sufficient to have any significant effect on market balance in this basin. FFA values remain the decisive factor for any period consideration, which means standard 170k-tonners can expect max USD 9k basis 6-9 months period. 180k dwt/built 2012 has just been concluded for 12 months period at USD 10500 basis mid April delivery in S.Korea.
Source: Fearnleys AS
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Tuesday, 04 June 13
NEWCASTLE PORT SHIPPED 2.56 MILLION TONS OF COAL IN A WEEK
COALspot.com - Newcastle port in Australia has loaded 2,563,596 tons of coal for week ended 0700 hours 3 June 2013, Newcastle Port Corp. said ...
Tuesday, 04 June 13
WOOD MACKENZIE SAYS THE CHINA'S THERMAL COAL DEMAND WILL REACH NEARLY 7BTPA BY 2030
COALspot.com - The Illusion of Peak Coal' says that despite efforts to limit coal consumption and seek alternative fuel options, China's strong ap ...
Saturday, 01 June 13
COAL PRICES STRUGGLE TO FIRM UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.18 percent week on week and 0.03 percent ...
Saturday, 01 June 13
THE FREIGHT MARKET FOR S7 AND S8 SECTORS ARE EXPECTED TO BE SOFT - VISTAAR
COALspot.com – The freights are remains weak week ended 31 May 2013, as BDI fell 2.05 pct and closed at 809 points on 31 May 2013.
The Cape ...
Friday, 31 May 13
US PRODUCED 18.5 MILLION SHORT TONS OF COAL W/E 25 MAY 2013
COALspot.com – United states the world’s second largest coal producer produced totalled approximately 18.50 million short tons (mmst) of ...
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