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Thursday, 29 January 15
CAPE MARKET IS STILL STRUGGLING WITH LOW DEMAND AND LOW COMMODITY PRICES
Handy
Supramax rates are heading south with slipping rates all across the block. USG activity is slow with mid-week levels in the mid 8.000s, Fearnresearch said in its latest weekly report.
Broker Fearnleys AS further said in its report, the typical scarp Cont/Turkey will bring Owners about same return - mid 8.000 and Fronthaul Wafr via ECSA 7.000. In the Far East the negative trend is just as clear, with typical China positions not even able to secure 6.000 for a round. For trips to PG alt WC India premium achieved may result in just above 7,000/Day. South Africa business back to India is done at about 7 + 100 GBB. Period activity is slow, but good Ultramax units have been able to secure healthy 9,500 for 3 to 5 months.
Panamax
Commenting on Panamax, the broker noted that, the week started out at low levels with low activity, and as the week went on it only got worse. In both hemispheres we see a general lack of cargoes in the market and it is not unusual that ships have to idle for a few days before they find new business.
According to broker, in the Atlantic most fixtures are done on APS basis and the real trans-Atlantic return is not more than around USD 3,500 daily. Fronthaul took a big hit from already depressed levels this week. ECSA/China levels dropped from 12,000+200,000 to around 11,000 +110,000 and USG/China on voyage has now been done at USD 28 pmt which gives a TC return around USD 9,000 with delivery on the continent. In the east ships are idling while considering what to do. The options are around USD 3500 for time charter trips or wait for something to happen and the market to improve. The period market is also coming down, we saw a nice/modern ship fixed this week for 1 year at USD 7250 per day.
Capesize
The cape market is still struggling with low demand and low commodity prices. Rates in both the Pacific and Atlantic are under pressure, and every positive spike in rates is killed by charters holding back for a few days. There are expectations for improvements soon, but freights around usd 10 for Tub / Qd for March are making the picture cloudy, broker Fearnleys commented on Cape
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Wednesday, 14 January 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In Oil we trust! The Barrel price has declined by almost a third in comparison to the 2014 January and has being on the downhill since early last s ...
Wednesday, 14 January 15
COMMODITIES AREN'T PRIMED FOR A REBOUND DURING 2015: SHIPPING COULD BENEFIT FROM LOWER PRICES - ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In the recent past, higher commodity prices were driven by an increase in demand from developing countries, which spelled good news for ship owners ...
Wednesday, 14 January 15
SUB-BIT FOB INDONESIA COAL SWAP FOR Q1 DELIVERY CLOSED AT US$ 46.97 PMT
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week.
The Q1 swap has fell US$ 1.53 (-3.15 ...
Wednesday, 14 January 15
Q4' 15 FOB NEWCASTLE COAL SWAP CLOSED 4.51% LOWER COMPARED TO Q1' 15 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.56 per MT (-3.0%) month over month and US$ 1.03 (-2.0%) week ove ...
Tuesday, 13 January 15
MORE PITFALLS FOR OWNERS LOOKING TO TERMINATE FOR UNPAID HIRE - INCE & CO
KNOWLEDGE TO ELEVATE
It is a debatable point whether or not the obligation to pay hire under a time charter is a condition of the contract or ...
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- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Posco Energy - South Korea
- VISA Power Limited - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
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- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Anglo American - United Kingdom
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- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
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- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
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- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
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- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
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- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
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- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
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- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
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- Bhoruka Overseas - Indonesia
- White Energy Company Limited
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- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
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- Energy Link Ltd, New Zealand
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- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
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- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
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- Bukit Makmur.PT - Indonesia
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- Aditya Birla Group - India
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- Mjunction Services Limited - India
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- SN Aboitiz Power Inc, Philippines
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- Australian Coal Association
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- Formosa Plastics Group - Taiwan
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- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- Romanian Commodities Exchange
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- Baramulti Group, Indonesia
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- Ministry of Finance - Indonesia
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- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
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- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
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- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
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