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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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Thursday, 19 June 14
PANAMAX: VERY CLOSE TO BREAKING THE ALL TIME LOW RECORD - FEARNLEYS AS
Handy
The Supra-Handy market is experiencing the same market slow down as its bigger sister markets however not to the same extent. We see TA rat ...
Wednesday, 18 June 14
CHINESE STEEL PRODUCTION SETS RECORD DURING FIRST TEN DAYS OF JUNE - COMMODORE RESEARCH & CONSULTANCY
Recently released data shows that average daily crude steel production at China's key steel mills hit a record high of 1.833 million tons durin ...
Wednesday, 18 June 14
MARKET INSIGHT - TIMOS PAPADIMITRIOU
Back in January the expectations for Q3 and Q4 were more than great. Talks and claims for a rising BDI and a healthy market were coming from everyw ...
Tuesday, 17 June 14
DRY BULK FREIGHT RATES TO RISE DURING THE SECOND HALF OF 2014, AS CHINA IS EXPECTED TO START IMPORTING MORE IRON ORE FROM BRAZIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its latest analysis of the dry bulk market, BIMCO said that it doesn’t expect freight rates to react significantly to increased demand bef ...
Monday, 16 June 14
INDONESIAN COAL SWAPS FOR Q3 DELIVERY FALL 2.34 % MONTH ON MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
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Showing 3651 to 3655 news of total 6871 |
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- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
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