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Thursday, 16 May 13
PANAMAX: THE FORWARD CURVE IS FALLING GRADUALLY - FEARNRESEARCH
Handy
The Atlantic market remained quiet. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The Pacific market remained uncertain as charterers holding rates and owners asking higher rates. However heard Supra open South China was fixed at low 8s for Indo-ECI rv. WCI-China is also easing off and rates getting weaker around USD 8-9k whereas ECI/China was quiet and rates were 6k, respectively. RBCT round was around USD 9k + 300 BB. Short period activity was limited and rate for large eco Supra was around USD 9k.
Panamax
Largely flat week particularly in the North Atlantic with limited with fresh cargoes. A few quick T/A runs brought some energy into the market and levels from about 8.5- 9k per day. East Coast South America remains steady with marginally lower rates but higher ballast bonuses due to congested Brazilian ports, typically 15,500 + 550k GBB. Fronthaul via Baltic reported at steady mid teens. In the Eastern hemisphere volumes are low and new business scarce. With a long list of open tonnage many owners still look for ECSA runs. SE Asian rounds between 6-7k and tick more for Nopac buiz. Marginal volumes on period, although 11-13 months done at 9k with optional 2-3rd year at high 9 and 10 flat. The forward curve is falling gradually, as could be the trend for the coming weeks.
Capesize
The positive run witnessed on the 4TC average appears to have slowed, with the index losing USD 650 w-o-w. Following last week´s firmer West Australia fixtures, tonnage in the high Pacific looks to be in surplus again and rates have come off. At the time of writing, USD 7.25 PMT has been concluded on this route by the major Australian shippers. The Atlantic and fronthaul routes remain quiet, therefore restraining any momentum generated in the Pacific. Looking forward to June and July, it remains to be seen whether the 4TC average will hold steady or deflate back to USD 4.5k levels of previous months. Consistent volumes across all fronts will be required for the latter to be prevented. Perhaps the most positive news of the week is a reported period deal for 3 years at a very strong USD15k per day. This also follows a recent trend of 2nd hand Cape plays from old players, which we hope indicates heightened confidence for the years to come.
Source: Fearnresearch
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Sunday, 17 March 13
A WEAK WEEK FOR SUB-BIT INDONESIA COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 2.11 percent and CFR South China coal shipment ...
Sunday, 17 March 13
COAL FREIGHT RATES STEADY ON HIGHER DEMAND - CAPT. REDDY
COALspot.com - This freight market continued to remain firm in all segments.
The BDI was up by 5.81 pct closing at 892 points. Cape index was up ...
Friday, 15 March 13
CHEAP SHIP VALUATIONS DON'T NECESSARILY MEAN ATTRACTIVE SAYS VESSELS VALUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship prices plunging by double-digits in the past few years, many ship owners are pondering their next moves in a market often described as att ...
Thursday, 14 March 13
SUPRAMAX : INDO - INDIA TRIP RATE IS AROUND $10,000; SOUTH CHINA $9500 - FEARNRESEARCH
Handy
Indian market is still quiet in respect of export of iron ore. WC India market has improved with a few stems out of the MEG, WC India opening ...
Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
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- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Siam City Cement - Thailand
- VISA Power Limited - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
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