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Thursday, 11 September 14
THE PANAMAX MARKET IS TAKING A BREATHER - FEARNLEYS
 Handy
We have experienced more activity in both hemispheres this week, said Fearnleys in this week's weekly report.
"We see rates coming up for all trades. More cargo out of NCSA and USG is helping rates to edge up in the Atlantic" the broker further said.
According to broker, TA´s are now paying in region of US$ 10k while USG/Cont is getting fixed at around US$ 15k. In the Feast it is a firm sentiment with vessels in Spore getting fixed at around US$ 11k for India rounds. The nickel ore rounds via Philippines to China are being fixed at around US$ 8,500. NoPac rounds achieving levels at around US$ 11k while the period market is back in play. Short periods for Umaxes are being concluded in the mid 12´s while the smaller segments are seeing levels around US$ 11-11,500.
Panamax
On Panamax Fearnleys noted that, after last week´s rate increase in both hemispheres it seems that the market is taking a breather. We noticed last week that the list of available tonnage in the Atlantic is growing and we see that coming into affect now with TA rates coming off around US$ 1,600 w-o-w.
Broker said, at the beginning of the week we experienced a slow down much due to holidays in the Feast, but fresh cargoes were entering the market. However the list of available tonnage is simply out numbering the cargoes and causing rates to slip. The healthy levels achieved for Fhauls last week has come down this week when more owners are willing to go that direction.
In the Pacific we see rates edging up as more Aussie rounds are being fixed and also India in urgent need for coal with a shortage at almost every power plant across the country. Pac rounds are now paying around US$ 7,700 up US$ 1,700 w-o-w.
The period market is regaining some activity and strong rates are being seen for longer periods at around 5 years with options attached, Fearnleys concluded on Panamax.
Capesize
The market is hoping to start the 4th quarter rally early, and the Pacific rates started to push upwards at the end of last week, said Fearnleys.
The Australian miners continued to resist the upturn and have, so far, succeeded in capping the West Australian market at just under US$ 9.00 despite healthy volumes.
There are, perhaps, two main reasons for the lack of upward movement in these rates. The first being the low activity volume in the Atlantic, and the second being the owners faith in a 4th quarter rally prompting them to prefer a short duration Pacific round voyage in order to keep their ships still in 4th quartergame. Although the Atlantic volumes from Brazil to China are low, there has been some increased activity and rate increase in the transatlantic trade, with time charter numbers reaching the upper teens.
Period has remained slow, though the supply of tonnage willing to commit to periods just under a year has increased, this again to take advantage of a near term healthier market, Fearnleys concluded.
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Sunday, 24 August 14
SEA FREIGHT MARKETS STARTING TO LOOK POSITIVE; CAPES DRIVE FREIGHTS HIGHER
COALspot.com: The freight market has strengthen further this week with BDI up 7.19 pct week on week. The BDI was closed at 1,088 points while the B ...
Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in t ...
Friday, 22 August 14
ARBITRATION CLAUSE IN LOU HELD TO REPLACE CHARTERPARTY ARBITRATION CLAUSE
KNOWLEDGE TO ELEVATE
The Claimants had claims for cargo damage against the vessel Owners arising under four bills of lading. The vessel was th ...
Friday, 22 August 14
ICAP ENERGY LAUNCHES GLOBAL COKING COAL DERIVATIVES TRADING
First contract completed and cleared on CME
COALspot.com: ICAP Energy, the energy business of ICAP plc, announces today that it has successful ...
Friday, 22 August 14
U.S WEEKLY COAL PRODUCTION UP 2.4% WEEK OVER WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.60 million short tons (mmst) of coal in ...
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- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
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