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Thursday, 09 October 14
CAPESIZE MARKET HAS CONTINUED TO SHOW WEAKNESS - FEARNLEYS
 Handy
We mentioned last week that after several weeks of rate increase for the Supras, the bigger Panamaxes started to snap up better paying Supra cgos. This together with a slowdown in activity in the USG and ECSA has caused rates to slip this week, said Fearnleys in its latest weekly report.
The broker further commented that, TA´s are now paying around USD 9.5k compared to the low 11k´s achieved last week. In the Pacific we see the same tendency with rates slipping across the board. Rates for Pac rounds are now in the region of USD 9k. The period market is losing ground and takers are withdrawing from the longer period deals. There are still shorter periods being done, but the levels are well below last done in the different segments, Fearnleys concluded on smaller vessels.
Panamax
On Panamax Fearnleys said, it seems last week´s push in rates was much caused by charterers wanting to cover themselves before the holidays in the Feast. There are very few grain stems for Oct dates left in the USG and the big grain houses are now quoting Nov and Dec dates. This combined with plenty of ballasters entering the Atlantic this and next week are pushing the USG/China rates down. The broker further said, the Fhaul cargoes quoted for Continent delivery are fixed within a couple of hours after entering the market and owners are fixing less than last done in order to secure employment. TA´s are now being fixed in region of USD 5/6k depending on delivery. The Fhauls are being fixed in region of USD 14.5k and even lower on voyage bss.
According to Fearnleys, in the Eastern hemispheres we see rates also coming off even with India importing record amounts of coal for their electricity plants with about a 19% increase y-o-y. Pac rounds are now paying around 7k compared to the 8k last week. Period activity is limited and FFA´s are coming further down.
Capesize
According to broker, the Capesize market has continued to show weakness. West Australia has slipped by about 25 cents to about the USD 7.75 level despite healthy fixing volumes. Worse is the all important Brazil to China fronthaul leg, where rates are now below USD 18.00 and the fixing activity is limited to the operators rather than the miners. Unless we see a significant increase in activity on this long duration business, it is difficult to be optimistic about a Q4 rebound. On the period front major operators relet tonnage for short period (though Q4) at a disappointing USD 15k daily level. This lack of confidence in the near term market is concerning, broker concluded on Capes.
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Friday, 14 November 14
U.S. WEEKLY COAL OUTPUT SLIPS SLIGHTLY WEEK ENDING NOVEMBER 08
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.9 million short tons (mmst) of coal ...
Friday, 14 November 14
MORE NATURAL GAS FROM RUSSIA TO HELP STABILISE CHINA PRICES - FITCH RATINGS
COALspot.com: Fitch Ratings has said possible additional natural gas supplies from Russia's OAO Gazprom to China via the Altai pipeline would h ...
Thursday, 13 November 14
SLOWER AND LOWER HAS BEEN THE TREND OF THE PANAMAX IN BOTH HEMISPHERES - FEARNLEYS
Handy
We are experiencing an oversupply of tonnage in the Atlantic which is out numbering the amount of cargoes, Fearnleys broker says in its lat ...
Thursday, 13 November 14
DRY BULK MARKET'S REBOUND HINGES ON IRON ORE OVERSUPPLY ISSUES MOVING FORWARD - HELLENIC SHIPPING NEWS
“One man’s benefit, is another man’s demise” is a phrase which can be used to describe today’s situation in the dry b ...
Thursday, 13 November 14
COAL MINISTER WANTS INDIA TO STOP COAL IMPORTS IN TWO OR THREE YEARS
COALspot.com: India to ramp up coal production to a billion tonnes by 2019 from its current level of 490 million tones. According to Power and Coal ...
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- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- White Energy Company Limited
- Star Paper Mills Limited - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Parliament of New Zealand
- Ministry of Mines - Canada
- Central Java Power - Indonesia
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