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Monday, 16 September 13
WHAT RECOVERY MEANS FOR THE CAPESIZE MARKET - COMMODORE RESEARCH
COALspot.com: The simple fact that capesize rates have been able to increase above the $9,000/mark and become much more responsive to changes in cargo volume is a very clear sign that the capesize market is in recovery.
Capesize rates will continue to wax and wane, though, and "recovery" does not mean rates will now simply go up. But it does mean that rates now are able to rise on the strength of robust cargoes, which is very significant as during the first three quarters of last year this was certainly not the case.
During most of the first three quarters of 2012, capesize rates were unable to escape the $3,000 and $9,000 cycle, with fluctuations largely driven by owners idling available Capes when rates approached roughly the $3,000/day level and returning vessels when rates approached approximately $9,000/day.
During this time, Cape rates were not as much fluctuating due to changes in cargo volume. as they were due to owners changing the spot availability of capesize vessels. Today, the capsize market is surely in recovery and rates are now sensitive to changes in cargo volume again.
This is why rates have surged recently during the current period of Chinese iron ore re-stocking. Capesize fleet growth has remained low for many months and has ushered in a period of recovery for the capesize market. Capesize rates being able to surge on robust iron ore cargoes is recovery.
This has only been able to occur due to many months of capesize fleet growth staying low.
By: Jeffrey Landsberg | 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.
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Sunday, 18 August 13
INDO - INDIA FREIGHT EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market was up this week with the BDI gaining more than 10 pct due to strong Cape Sector.
The BDI was closed at 1,102 p ...
Friday, 16 August 13
US COAL PRODUCTION SLIGHTLY UP ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.10 million short tons (mmst) of ...
Thursday, 15 August 13
CAPESIZE : TRENDS SOMETIMES SHIFT WITH NO PRIOR WARNING - FEARNRESEARCH
Handy
The influence of the summer holidays across Europe was felt in the Atlantic basin this week. Very little activity and a growing list of avail ...
Wednesday, 14 August 13
ANOTHER WEEK IN THE RED FOR DRY BULK CARRIERS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable- )
Another week in the red for Dry Bulk carriers with the market losing further steam as fewer an ...
Tuesday, 13 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS JUMP 30.61 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 30.61 per cent week on week to 2.95 million mt for ...
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- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
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- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
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- GVK Power & Infra Limited - India
- Marubeni Corporation - India
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- Port Waratah Coal Services - Australia
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- Kohat Cement Company Ltd. - Pakistan
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- Goldman Sachs - Singapore
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- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
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- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
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- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
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- Star Paper Mills Limited - India
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- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
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- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Eastern Coal Council - USA
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
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