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Thursday, 23 October 14
THE BEARS, HOWEVER, STILL CRY; FOR HOW LONG WILL IT LAST? - FEARNLEYS
Handy
"We experience a typical oversupply of ships in the Atlantic which causing rates to slide. In the USG it is just enough cargoes to keep the rates fairly flat but for the rest of the Atlantic we see rates sliding, " Fearnleys said in its latest report. TA´s are paying around US$ 8,700. In the Feast there are still no signs of improvement. There are hardly any cargoes out of India and lack of coal cargoes from Indonesia to China. According to broker Fearnleys, Supras open Spore are being fixed in region of US$ 10/11k for trips to India while the SE Asia rounds are paying around US$ 8k. There is still some shorter periods being done and vessels open India are being reported fixed at around US$ 8-9k for same.
Panamax
Commnets on Panamax, Fearnleys said, a steady flow of new coal orders assisted by some bad weather causing delays, generated an increasing activity in the Atlantic. Owners are holding back, upping rate level after several weeks on slow pace. Atlantic rounds in the 10k range with voyage rates substantially up as well. However, USG fronthaul is marginally up, paying arnd high 15k/ low16k or abt 44 pmt midweek.
The broker further noted, the eastern Hemisphere is firming up even faster, with an increased number of coal shipments from Indonesia and South Africa to India further fueled by NOPAC grain rounds. Pacific business paying well in excess of 10k, with many Owners holding back to move. The period market is slowly returning from silence as well, with short period done in the low/mid 9´s and one year mid 9K to 10 K.
The lack of early ships and the number of increased orders is mainly the reason for the remarkable market upswing and expectations for a stronger sentiment for Q4.
The bears, however, still cry; for how long will it last?
Capesize
The turning point in the market was Thursday last week, according to Fearnleys.
Vale came into the market a picked up only a few vessels, strongly motivating the paper market to rise sharply. This rise was backed up this week in the physical market where rates flew up from high US$ 16´s to US$ 20 pmt on the important Brazil/China route.
The broker Fearnleys furher said, additionally the West Australian miners followed suit and that market has risen from low US$ 7´s to low US$ 9´s. The weighted average time charter has risen from US$ 13500 to US$ 15900 and the forward paper curve is pointing upwards. It remains to see if the market will continue to push once Singapore is back at work for the balance of the week. Nonetheless this could be a start to a much wished for healthy Q4, Fearnleys concluded.
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Sunday, 09 November 14
CAPE INDEX UP 3.06%; PANAMAX INDEX FELL 4.05%
COALspot.com: The BDI was almost at same levels compared to last week closing or just increased 0.77 pct from last week. The BDI was closed at 1437 ...
Friday, 07 November 14
U.S. PRODUCED 85.60 MILLION SHORT TONS OF COAL IN OCTOBER, UP 2.88% M-O-M
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.0 million short tons (mmst) of coal ...
Thursday, 06 November 14
THE ATLANTIC HAS REMAINED STRONG WITH A HEALTHY SUPPLY OF NEW CARGOES
Handy
This week has continued its slow trend in both hemispheres and even though rates are a bit up w-o-w it is not a clear sign for any improvem ...
Wednesday, 05 November 14
CAPESIZE SEGMENT ENJOYED FIRMING RATES ACROSS BOTH BASINS
Following a fantastic week in terms of rate performance for Capes, the Dry Bulk market managed to note another positive weekly closing, which stron ...
Wednesday, 05 November 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
COALspot.com: The steep appreciation in dry bulker values between late 2012 and March 2014 resulted in unrealistically expensive ship values compar ...
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- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
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