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Thursday, 03 April 14
PANAMAX SECTOR IS WATCHING A SEVERE DROP IN RATES - FEARNLEYS
Handy
A further weaker sentiment for the Supras as well in both hemispheres this week with oversupply of tonnage being the major headline. Transatlantic buiz scarce and sliding. Fronthaul paying around 17k from the Continent but ECSA runs now well under the 14 + 400 mark bss APS. In the Far East Indo rounds were paying low teens with redel SE Asia and S.China and mid teens for trips to N.China /Japan. Vessel opens in the MEG able to achieve closer to mid-teens for trips to India and low teens for Feast. Period activity low, with Owners talking high 13k for about 1 year and Chrtrs willing to pay high 12k.
Panamax
Players in the Panamax sector are watching a severe drop in rates all across the block without any imminent signs of support or market finding a floor. The Atlantic is overwhelmed by prompt tonnage facing close to zero return on voyage and 2-4k on T/C depending on trade and duration. Fresh requirements are few with Charterers able to select from a wide range of candidates. Some Owners are holding back to avoid fixing at current levels idling and waiting for a better tomorrow. Fronthaul has come down further, to 37 pmt or just above 14 + 400 bss APS ECSA to Far East. The Eastern Hemisphere has gradually followed the trend in the Western by a significant loss of activity. Perhaps a glimpse of light in the Indo/India coal trading with more stable levels and volumes. Average Pac rounds in the 9-10k range. The future, or the forward curve, is in steep decent leaving period takers sidelined for obvious reasons. Rates and levels for tonnage will head further South.
Capesize
Another negative week for the big ships, characterized by significant losses in Atlantic and stability in Pacific. T/A rates have seen some USD 12k, or 50%, wiped off their value since the beginning of last week, highlighting the lack of cargoes in the basin and also the relatively quiet fronthaul market. West Australia rates have stabilized, albeit not recovered, from last week´s big sell off. At the time of writing, the market rate is between $10.3 and $10.5 PMT. Fixing volume on this route has been high and could see the tonnage supply balance in the Pacific tipped in owners favour if the good volume continues. All in all, the 4TC index has ended down some $4,100 w-o-w to $17.7k, whilst paper has stayed relatively flat. Period activity has been noticeably quieter amidst a rather unpredictable near-term outlook.
Source: Fearnresearch
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Monday, 14 April 14
CHINA'S MEASURES TO STIMULATE ECONOMY'S GROWTH COULD OFFER ROOM FOR STABILITY IN SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing w ...
Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
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- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
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- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
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- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- VISA Power Limited - India
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- Indian Energy Exchange, India
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- Trasteel International SA, Italy
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- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
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- Electricity Authority, New Zealand
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- Ministry of Transport, Egypt
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- Wood Mackenzie - Singapore
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- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhushan Steel Limited - India
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- Coal and Oil Company - UAE
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- Edison Trading Spa - Italy
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- Timah Investasi Mineral - Indoneisa
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- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
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- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
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- Pipit Mutiara Jaya. PT, Indonesia
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- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Medco Energi Mining Internasional
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- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
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