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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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Tuesday, 16 September 14
INDONESIAN GOVERNMENT DECLARED HBA SUFFERED ANOTHER SETBACK IN SEPTEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in September. HBA for ...
Tuesday, 16 September 14
INDONESIAN COAL OUTPUT WON'T EXCEED 421M TONS: GOVT - JP
The government is optimistic that it will meet its coal production target for this year, which caps nationwide production at a flat number compared ...
Monday, 15 September 14
CHINA'S COAL PROPOSALS LEAVE SOME HOPE FOR EXPORTERS - DAILY NEWS
When the best thing you can say about new policies is that they aren’t as bad as they could have been, then you know your industry is in deep ...
Monday, 15 September 14
SUB-BIT FOB INDONESIA COAL SWAP, JANUARY 2015 DELIVERY GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.40 (+0.78%) day on day and US$ 0.55 (+1.08%) per mt week on week. The ...
Monday, 15 September 14
CFR SOUTH CHINA COAL SWAP GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 2.30 (-3.36%) month over month, but increased day on day a ...
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- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- The University of Queensland
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- PTC India Limited - India
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Indian Energy Exchange, India
- McConnell Dowell - Australia
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