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Thursday, 03 July 14
PANAMAX : IN THE ATLANTIC, OWNERS ARE WILLING TO FIX AT ABOUT $2.5K PER DAY - FEARNEYS
Handy
In its latest weekly report, shipbroker Fearneys noted that, this week seems to have been more of a wait and see game between owners and charterers.
Owners are somewhat reluctant to fix current levels and will rather wait. TA market is down US$ 500 w-o-w, but much lead by little activity. The broker further said, we do see some more cargoes and an underlying positive tone makes us believe that the bottom is achieved, at least for now. In the Far East we also see signs of improvements but also here hard to say if it is sustainable and if it will continue. Singapore positions can achieve around US$ 11,500 for trips via Indonesia to India while trips to Thailand are paying around US$ 8k. NoPac rounds are fixing at APS bss aroundd US$ 8k + US$ 300k. Period market is still there and large supras are able to achieve high 9k for short period.
Panamax
According to Fearneys, a scent of optimism has entered the Panamax market, primarily driven by the Caper and the paper early week.
In addition, Owners recent stubbornness to avoid fixing the poor levels offered lately has changed the sentiment. However, the glimpse of hope is met by the word short-lived among many market players. Nevertheless, the all time low for the Panamax section was avoided early week, and levels are about to switch up from APS to DOP in both hemispheres. In the Atlantic, Owners are willing to fix at about 2.500/ day. In Pacific Owners typically aim for 6,000 DOP, to see tick less DOP or APS with BB for Aussie or Indo/India rounds, Fearneys said.
Despite the higher levels and volumes, fronthaul activity has been low with only a marginal upswing to the typical 12 + 200 range. Period activity is scarce with a forward curve hovering in the 10 K range.
Capesize
Last week the market closed relatively flat but with a positive sentiment as the forward paper market started to improve, said the shipbroker.
This positive trend continued into the early part of this week, translating into improved rates especially on the Brazil/China route. According to Fearneys, midweek the steam seems to have run out. Rate wise we are at a spot 4TC average equal to what is was mid last week, whereas forward numbers have gained about US$ 1,800 daily for Q4 of this year which is now trading in the mid US$ 24,000´s. Most of the spot improvement was driven by the Brazil/China route which eventually brought the West Australia numbers up early this week. Period activity has been moderate and the short period rates are stable in the low US$ 20,000´s.
Source: Fearneys
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Thursday, 31 July 14
RIO TINTO SELLS MOZAMBIQUE COAL ASSETS FOR US$ 50 MILLION TO INDIA'S ICVL
COALspot.com: Rio Tinto has agreed to sell its Mozambique coal assets for just US$ 50 million to International coal ventures Private limited of Ind ...
Wednesday, 30 July 14
CAPES SEEMED TO BE STRANDED AT THE SAME LEVELS; PANAMAXES MANAGED TO SLIGHTLY REVIVE - INTERMODAL
COALspot.com: The Dry Bulk market took a breath this past week, as both Panamaxes and Supras started to see a small influx of activity, which was j ...
Tuesday, 29 July 14
TOTAL SELLS ITS SOUTH AFRICAN COAL MINING ASSETS TO EXXARO
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affili ...
Tuesday, 29 July 14
GENCO: DRY BULK SHIPPING VALUATIONS NO LONGER ANCHORED TO DISCOUNTED CASH FLOW METHOD - WEIL
KNOWLEDGE TO ELEVATE
Discounted cash flow analysis is a mainstay among the valuation methodologies used by restructuring professionals and bank ...
Tuesday, 29 July 14
SHIP OWNERS' DEMAND OF NEW VESSELS DENTED AS A RESULT OF LOWER FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The sharp downward direction of dry bulk freight rates has had a negative impact on investors’ secondhand buying appetite that wait to see th ...
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- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
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