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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, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
Friday, 10 October 14
U.S. PRODUCED 83.2 MMST OF COAL IN SEPTEMBER, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.6 million short tons (mmst) of coal in ...
Thursday, 09 October 14
SHIPPING REMAINS CHALLENGED AS GLOBAL GROWTH DISAPPOINTS - BIMCO
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. ...
Wednesday, 08 October 14
CAPES RATE FOR THE W. AUSTRALIA TO CHINA VOYAGE MOVED TO BELOW $8/MT - INTERMODAL
The Dry Bulk market remained under pressure last week, with rates for Capes remaining on the red while those for Panamaxes managed to outperform th ...
Wednesday, 08 October 14
OIL COULD FALL TO USD80 BEFORE SHALE SUPPLY RESPONSE - FITCH
COALspot.com: Brent oil could fall as low as USD80 a barrel before triggering a self-correcting supply response with shale-oil drillers cutting inv ...
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- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
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- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
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