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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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Friday, 08 August 14
U.S PRODUCED 35.80 MMST OF COAL IN JULY; UP 7.89 MONTH OVER MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.50 million short tons (mmst) of coal in ...
Friday, 08 August 14
PORT OF NEWCASTLE SHIPPED 19.52% MORE COAL IN JULY FROM LAST MONTH
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped 14,036,947 t ...
Thursday, 07 August 14
SHORT-TERM COAL OUTLOOK IMPROVES - SAM QUEST
With demand for and supply of coal to grow in the near future, prices are expected to rebound in the short term; the long-term prospects, however, ...
Thursday, 07 August 14
BULKING UP IN AFRICA: CHINA INFLATES SEABORNE MINERALS EXPORT TRADE - RICHARD SCOTT
Africa’s profile as an exporter of dry bulk commodities is rising. Responding to growing import demand from China, India and other buyers in ...
Wednesday, 06 August 14
CAPES: BUSINESS INTEREST REMAINS SOFT; CURRENTLY NO SIGNS OF IMPROVEMENT - INTERMODAL
COALspot.com: Despite the considerable pressure witnessed in the freight market for most of the size segments, the Dry Bulk Index was able to note ...
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Showing 3556 to 3560 news of total 6871 |
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- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- The University of Queensland
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Planning Commission, India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
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