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Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
 COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set to become even tighter in the near future once Drummond coal cargoes return to the market (when the strike is resolved) and also due to the very large amount of Brazilian iron ore cargoes that have continued to surface. So far this week, 10 capesize vessels have been chartered to haul Brazilian iron ore cargoes. This is a very large amount, and already exceeds the robust 9 capesize vessels that were chartered to haul Brazilian iron ore cargoes during all of last week.
The last time that 10 or more capesize vessels were chartered to haul iron ore cargoes in a single week was the Week Ending November 16, 2012. Chinese demand for imported iron ore is currently very strong, which is helping capesize rates to surge. However, the capesize market will again benefit from the current level of activity as spot capesize availability will find itself even tighter in the near future. It is extremely encouraging for the capesize market that so many capesize vessels have recently been chartered for long-haul Brazil to China iron ore exports. In addition, Atlantic basin spot capesize availability will become even more tight whenever the Drummond coal strike officially comes to an end.
For the capesize market, near term prospects remain encouraging. There will be fluctuations whenever there are brief dips in Chinese demand, but overall we believe in the weeks and months to come there will be days when average daily capesize rates easily increase by over $3,000 in a single day. That’s the beauty of dry bulk shipping. Demand for vessels is quite inelastic and not very responsive to changes in prices. When a charterer needs a vessel, he (she) needs a vessel. And when spot vessel availability is tight, an environment is created where freight rates are prone to large increases. With some many capesize vessels recently being chartered to haul long-haul Brazilian iron ore cargoes -- and with an increase in Drummond coal cargoes being poised to re-emerge in the market at some point like in the near future -- the already tight capesize market will become even tighter.
By: Jeffrey Landsberg | Managing Director, Commodore Research & Consultancy
About Commodore Research & Consultancy
Commodore Research & Consultancy is an independent New York City-based consultancy that focuses on the global demand, supply, and seaborne trade of industrial and agricultural commodities, with a particular focus on China. Commodore Research & Consultancy's analysts handle a wide variety of consulting requests and custom reports. Commodore Research & Consultancy also offers two standard report subscriptions (Dry Bulk Report Subscription and China Report Subscription).
Views expressed herein are personal views of the author and not that of COALspot.com. We welcome article submissions from experts in the areas of coal, mining, shipping, etc. To submit your articles please click here
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Friday, 19 July 13
U.S.COAL PRODUCTION TOTALED APPROXIMATELY 19.60 MMST WEEK ENDED JULY 13
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 19.60 million short tons (mmst) of ...
Friday, 19 July 13
TNPL IS LOOKING FOR 300 K MT OF 6000 GAD COAL FOR FIVE MONTH
COALspot.com - Tamil Nadu Newsprint & Papers Ltd. , an Indian paper maker, is seeking 300,000 metric tons ± 5% (In 5 shipments about 60,0 ...
Thursday, 18 July 13
3RD ANNUAL FLOATING TERMINALS, INDONESIA
Commercial applications for offshore transshipment facilities
Floating Terminal solutions are increasingly being deployed by miners, independent ...
Thursday, 18 July 13
THE CAPE MARKET APPEARS TO BE HOLDING FIRM - FEARNLEYS AS
Handy
In the Pacific, market maintained similar levels during the week. There is several Indo coal orders in the market, ships passing Singapore fi ...
Thursday, 18 July 13
DRY BULK MARKETS RETAINS RECENT GAINS, MOVES SIDEWAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on moving sideways this week, as evidenced by the latest trends of the industry's benchmark, the Baltic Dry Index (BDI ...
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- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Planning Commission, India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- London Commodity Brokers - England
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