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Thursday, 12 June 14
HANDY : TA MARKET IS CONTINUING SOUTH WITH A DECREASE OF 26% W-O-W
 Handy
The week started off with holidays in most European countries and the TA market is continuing south with a decrease of 26% w-o-w. We do see a steady flow of Brazilian cargoes which most likely will tie up tonnage which could lead to more pressure on the rates ex USG and Cont. Rates are still very low with USG/Cont being fixed in region of US$ 9-9,500 for Supra max. But the increasing amount of cargoes for end June/early July dates are maybe a glimpse of a returning positive view.
In the Feast the market is still very weak with a growing list of available tonnage. Rates are under pressure with Spore positions able to achieve around US$ 8k for trips to India while the South Africa cargoes getting fixed at around US$ 10k+Usd 200k GBB. Several owners are now in the market to cover their positions under shorter period deals and asking around 12k for same. Still a big gap between owners and charters as little being concluded so far.
Panamax
With holidays early week the Panamax market is suffering and in a steady decline in both hemispheres. Over the last month the Atlantic market gained over 50 % for a short peak followed by a steep downturn to even lower levels. If possible, Owners are holding back from fixing freight levels offered on voyage, alternatively take the 8.000 + 80 APS USEC to Med or about 3.000 average on T/C. Trading is limited. Fronthaul is also weakening despite Owners resistance to go East, with mid-week levels under 35 pmt on voyage, or around 12.500 + 250 GBB bss APS on T/C.
Low activity level in the Far East also with APS rates applying only. Typically 6 + 80 GBB Indo/India or 6.000 average on T/C for Aussie rounds. The forward curve is all flat, indicating the Panamax market will be 11.000 + for the next 5-6 years. Period takers are few with Owners offering 1 year close to the 10.000 mark.
Capesize
A positive week for the big ships seeing overall market improvements of 15% w-o-w. Much appear due to increased Atlantic volumes and a major miner taking several ships for front hauls. The conference trade West Australia/China has been stable and firming, with rates now coming in between US$ 8.15 and US$ 8.45 pmt, corresponding levels for pacific rounds up 10% and now standing at US$ 13,500. Whilst coal trades remain Depressed, recent physical iron ore developments defy worries of record-high inventories and falling Chinese rebar demand.
Period focus has been on the short term, where recent fixtures include 180000 dwt/built 2004 done basis delivery S. China prompt for 6-10 months at US$ 23k - as FFA values are poor for q1-q2/2015, same levels also apply for 2 x 179000 dwt/built 2009 done basis prompt delivery China for 14-19 months.
Source: FEARNLEYS AS
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Friday, 04 July 14
US: WEEKLY COAL PRODUCTION SLIGHTLY UP W-O-W
COALspot.com – United States the world's second largest coal producer, produced approximately 19.4 million short tons (mmst) of coa ...
Friday, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equit ...
Thursday, 03 July 14
BUMI TRANSFERS 19% OF KPC STAKE VALUED AT US$ 950 MILLION TO CIC
COALspot.com: PT. Bumi Resources announces that 19% of its holdings in Kaltim Prima Coal (KPC), valued at US$ 950 million, has been transferred to ...
Thursday, 03 July 14
PANAMAX : IN THE ATLANTIC, OWNERS ARE WILLING TO FIX AT ABOUT $2.5K PER DAY - FEARNEYS
Handy
In its latest weekly report, shipbroker Fearneys noted that, this week seems to have been more of a wait and see game between owners and ch ...
Wednesday, 02 July 14
NEWMONT FILES FOR INTERNATIONAL ARBITRATION ON ORE EXPORT BAN - THE JAKARTA POST
PT Newmont Nusa Tenggara (NNT), a subsidiary of United States-based Newmont Corporation, has filed for international arbitration against the govern ...
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- Australian Coal Association
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- White Energy Company Limited
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Planning Commission, India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- The University of Queensland
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
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