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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, 12 June 14
CONSOLIDATION IS THE ' NAME OF THE GAME' WHEN IT COMES TO SHIPYARDS ACROSS ASIA - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Intense competition, a swelling of new greenfield shipyards over the past few years mainly in China, especially prior to the 2008 global financial ...
Wednesday, 11 June 14
INDONESIA'S COAL EXPORT VOLUME AND REVENUE SLIPS 2.75% AND 6.73% RESPECTIVELY IN APRIL
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.8* b ...
Wednesday, 11 June 14
BPI TOUCHING A NEW LOW FOR THE YEAR
The Dry Bulk market closed off the week positively, on the back of firming Capesize rates, while the market overall continues to face a very challe ...
Monday, 09 June 14
GOVT GETS TOUGH ON ILLEGAL MINING, SUSPENDS LICENSES - THE JAKARTA POST
The government has temporarily suspended the licenses of 62 mineral and coal transportation companies as part of its efforts to curb illegal mining ...
Monday, 09 June 14
INDO SUB-BIT COAL SWAPS FOR Q3,Q4 OF 2014 AND Q1 2015: LOST ON DAY AND MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 continue last week’s trend or lost on day, week and on month according to Asia ...
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- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- PTC India Limited - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
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