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Thursday, 20 June 13
CAPESIZE : FINALLY A SUBSTANTIAL IMPROVEMENT IN RATES! - FEARNLEYS A.S
Handy
Atlantic market kept a steady curve from last week. US Gulf positions fetched tick above USD 21k for Cont/Skaw direction, and vessels fixed for direction US Gulf were only paid USD 4k. Fronthauls ex Cont fixed close to USD 14k. Feast market was fairly quiet but started to pick up Tuesday. Few Indo/India and Indo/S.China coal orders in the market running spot. Passing Singapore Supras trading at USD 11-12k. For Nopac rounds vessels have been fixed at mid USD 8k. For ships open S.China owners aiming USD 9.5k for short period. For trips to W.Africa vessels open N.China/ Korea can get around USD 6k. Tonnage situation in South Africa is tight, vessel ballast down from India to get biz. Inter MEG/India able to achieve USD 8k.
Panamax
Last week we pointed out that the floor was found after several weeks of declining rates in both hemispheres. This week we saw an upturn in rates with fresh cargoes entering the market. Increased activity out of the USG and USEC with fresh coal cargoes causes rates to increase as the Northern part of Atlantic is tight for tonnage. The Fhaul market has improved somewhat and at time of writing (14500+450 GBB lvl) but still excess of 290 Panamaxes outside ECSA who will end back in the Pacific late summer. In the Pacific we see a marginal increase in rates with only limited improvements in activity. We believe the recent increase in rates is partly caused by tonnage being tied up for long voyages after the peak in grain season out of ECSA. Pac rounds are now being fixed at around USD 6250 which is a 12% increase w-o-w. The period market has also picked up a bit of activity with owners willing to give optional periods able to secure employment.
Capesize
Finally a substantial improvement in rates! The Atlantic has turned, with rates presently in excess of USD 10,000. In the Pacific low teens are being fixed for good ships. Tubarao/Qingdao on voyage are presently in the upper USD 18s pmt, with talks one fixture at USD 20 pmt! Optimism prevails and the present push seems well supported, in strong contrast to the market we have experienced over the past months.
Source: Fearnresearch
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Wednesday, 29 May 13
SHIP OWNERS KEEP ON SPENDING ON NEWBUILDINGS AS PRICES ARE DEEMED TOO LOW TO RESIST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It's been yet another week on increased newbuilding ordering activity with Hellenic ship owners appearing rathe active, on the back of attractive f ...
Tuesday, 28 May 13
NEWCASTLE PORT SHIPPED 9.76 PERCENT MORE COAL W/E 27 MAY 2013
COALspot.com - Newcastle port in Australia has loaded 2,420,366 tons of coal for week ended 0700 hours 27 May 2013, Newcastle Port Corp. said ...
Sunday, 26 May 13
AMPLE SUPPLY, LOW DEMAND KEEP COAL PRICES UNDER PRESSURE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 0.07 percent and API 8 CFR South China Coal shipment los ...
Friday, 24 May 13
ENGAGEMENT WITH POTENTIAL STRATEGIC AND OFF TAKE PARTNERS ACCELERATING - REALM RESOURCES
COALspot.com - Following the recent completion of the Feasibility Study, the Realm Resources Ltd. (ASX: RRP) has focused on securing strategic ...
Friday, 24 May 13
US'S COAL PRODUCTION INCREASED WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.90 million short tons (mmst) of ...
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- OPG Power Generation Pvt Ltd - India
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- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
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- McConnell Dowell - Australia
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- Economic Council, Georgia
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- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
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- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
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- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
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- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
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- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
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- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
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- Eastern Energy - Thailand
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- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
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- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
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- Parliament of New Zealand
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- Xindia Steels Limited - India
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- Bhatia International Limited - India
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- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
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- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
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