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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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- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
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