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Thursday, 13 February 14
PANAMAX : NOT ENOUGH REQUIREMENTS TO KEEP THE ATLANTIC MARKET FLOATING - FEARNLEYS AS
Handy
After the Chinese holidays the week started on a positive note. Owners are talking higher rates but chrtrs are still somehow reluctant to move. Indo/India is being fixed at around USD 8k bss APS and we see owners rating around mid 12k for 1-year period. Short periods are being fixed in region USD 9,500-10,000 depending on vessels specs. In the Atlantic we also see improved expectations and more activity. The rates are down w.o.w but the general attitude is more positive than last week.
Panamax
It is full of action, thrill and excitement. No, it is not the Atlantic Panamax market but the Winter Olympics in Sochi.
There are simply not enough requirements to keep the Atlantic market floating, giving Owners about 10k on longer rounds, down to poor 8k for a Murmansk run. However, front haul still holding as most Owners prefer to stay in the Atlantic basin in anticipation of a better future just around the corner. ECSA rounds paying 17 +700 APS but voyage rates still under pressure with an armada of ballasters approaching. More activity and a better return in the East, from upper 9k´s for Aussie rounds to above 11k for NOPAC. The gap between period and spot is still significant, with short period up to a year in the 14k-15k range adjusted by spec and delivery. The forward curve holding around 14k for the next 10 months indicating some optimism predominantly for Q2 and Q4.
Capesize
The contango evident for this segment is becoming ever more fascinating, if not worrying. With daily earnings now just barely covering opex, and market clearly overtonnaged, the premiums for forward dealings are considerable. March paper now trade at 50% up, Q2 at 90%, Q3 at 175% and Q4 at 360% in comparison to present real average spot value of less than USD 8k. Unless we see dramatic spot improvements in the weeks to come, FFA- and consequently period levels are in for a correction. Recent representative fixtures include 179k dwt/blt 2010 delivering S. Korea prompt for 13-15 months at USD 23k and 177k dwt/blt 2005 delivering China prompt for 8-10 months at BCI ave4tc +8%.
Source: Fearnresearch
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Wednesday, 23 April 14
KOMIPO INVITES BIDS FOR LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 90,000 Metric Tons (MT) of low volatile bit ...
Tuesday, 22 April 14
INDONESIAN MARCH COAL EXPORT VOLUME SURGE 9.12% TO 35.54 MMT
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.9 ...
Tuesday, 22 April 14
NEWCASTLE WEEKLY COAL EXPORTS FELL 13.33% THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 21 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Monday, 21 April 14
Q1'15 SUB-BIT FOB INDONESIA COAL SWAP SHOWING A POSITIVE TREND
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Monday, 21 April 14
Q4 2014 AND Q1 2015 COAL SWAPS CLOSED MARGINALLY HIGHER COMPARED TO Q2 PRICES
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 0.87 percent month on month and closed at US$ 76.15 per mt as ...
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- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- White Energy Company Limited
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Australian Coal Association
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
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