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Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
 Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD 600 w-o-w. It is not a dramatic increase but clearly showing the trend for the Atlantic, said Fearnleys's Weekly report.
The broker Fearnleys further said in its latest report that, in the Feast however, we are seeing less activity and a clear sign of rates coming off. Supras open Singapore are achieving in region of USD 7k for trips to Thailand and around USD 11-12k for trips direction India. The NoPac rounds are trading around 10k bss delivery North China.
The short period market is still fairly active with vessels being fixed in region of USD 11-12k depending on specs and delivery, Fearnleys concluded on Handies.
Panamax
Fearnleys commented on Panamax, the sentiment is quite negative all over the board. The Atlantic is weak with growing tonnage lists and little arbitrage opportunities for the operators. Therefore the index is falling slightly every day and now the TA round is paying around USD 4250.
"In the Pacific we have seen a sharper fall in activity and rates; a Pacific round now pays around USD 6750/day. This drop in the Pacific is mainly because of a lack of coal business", broker noted.
As the only positive in today´s market is that the US grain season has really kicked off and is now soaking up vessels in the USG and the USWC. This is giving support to the fronthaul index. A fronthaul from the USG now pays around USD 15500 + 550k ballast bonus.
Broker said, the period market is not very active as the spread between owners and charterers ideas is very wide time being. Short periods have been reported around USD 9-10k.
Capesize
Although the activity level in the last two or so weeks has been high, with all the ore miners picking up spot tonnage, the market is decidedly soft and lacking in resistance, Fearnleys says in its latest report.
Even with the onset of Q4 fuelling hope in the market, and Vale who is rumoured to have taken some tonnage, the market has continued to steadily slip downwards.
The West Australian market has slipped from close to USD 9.00 two weeks ago to low USD 8´s last week, and presently to a level in the mid USD 7´s with no sign of having hit bottom despite the high number of fixtures. Vale re-emergence in the market has failed to make an impression and this lack of long haul volume paired with the lack of coal movement, has resulted in serious over supply of tonnage.
The present sentiment is gloomy, to say the least, and faith in a Q4 boom is dwindling, Fearnleys concluded on Capes.
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Thursday, 02 October 14
CAPESIZE - DULL AND WITHOUT MUCH DIRECTION AS IRON ORE AND COAL VOLUMES FAIL TO LIVE UP EXPECTATIONS
Handy
After the recent weeks´ rate increase in the Atlantic we see Panamaxes snapping up handymax and Supra cargoes at much lower levels, p ...
Wednesday, 01 October 14
ASIAN THERMAL COAL PRICES TO REMAIN WEAK ON OVERSUPPLY - FITCH
COALspot.com: The thermal coal market in Asia will remain oversupplied in the next 12 months, in spite of on-going rationalisation of production, a ...
Wednesday, 01 October 14
PANAMAXES: DEFENSIVE, STRUGGLING TO KEEP ANY FURTHER DECREASES - INTERMODAL
COALspot.com: The Dry Bulk market seemed unable to shake off the trend of the week prior and the BDI remained on a downward slope for the bigger pa ...
Wednesday, 01 October 14
FITCH: GLOBAL ECONOMY FACES MULTI-SPEED RECOVERY, MULTIPLE RISKS
Fitch Ratings says in its latest Global Economic Outlook (GEO) that global growth will pick up in 2015 and 2016, but risks are weighted to the down ...
Tuesday, 30 September 14
COALVIEW TO PARTICIPATE AT MET COKE WORLD SUMMIT 2014 IN CHICAGO
COALspot.com: Coalview Ltd., LLC(“Coalview”) America's leading fully integrated coal technology and fine coal recovery company prov ...
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- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Posco Energy - South Korea
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
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