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