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Thursday, 09 July 15
LACK OF FRESH BUSINESS IN THE PACIFIC LEFT CAPESIZE RATES MOVING SIDEWAYS - INTERMODAL
Intermodal LogoCOALspot.com: Intermodal ship broker says in its weekly report that, a different picture from what we saw the previous week was painted during the July debut in the Dry Bulk market, with the BDI closing off softer on Friday and the Capesize segment, the main driver behind the strength the market displayed in the past weeks, losing ground.

Is the mini-rally of late stalling before the market moves another leg up or are we most probably going to see current levels at least until the end of the summer season? Intermodal answered that, the fact that period enquiry has stalled further this past week is one of the signs pointing towards a more bearish view for the coming weeks, while in terms of macro developments, the fact that the Chinese stock market has been plummeting is definitely a big red flag with regards to the small degree of confidence investors are currently viewing the intervention of the local government with.

Lack of fresh business in the Pacific left Capesize rates moving sideways in the region with period business being limited, while things in the Atlantic were slightly better, with owners failing to support higher ideas nonetheless.

Commenting on Panamax, the Greece based broker says, the Panamax segment outperformed by a lot the rest of the market, mostly due to fresh business that kept emerging from East Coast South America and the U.S. Gulf, while period enquiry was particularly stronger for the segment last week. At the same time, out of the Pacific, the market was steadier, with rates trending sideways for the bigger part of the week.

The Atlantic Handysize/ Handymax/ Supramax market improved with better numbers being offered up until now on the back of stronger enquiry in the USG, while at the same time the Continent was stable/positive, commented on smaller size ships.


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Wednesday, 15 July 15
SAS TO BUILD 108 KM ROAD FOR COAL IN JAMBI, SAYS JAKARTA POST
Jambi Governor Hasan Basri Agus said on Sunday that mining company PT Sinar Anugerah Sukses (SAS) would develop a 108-kilometer road with a width o ...


Wednesday, 15 July 15
ANY FUTURE IRAN OIL DEAL WILL BOOST SUPPLY FUNDAMENTALS WITH TANKER OWNERS HOPING FROM TEHRAN TO QUICKLY BOOST ITS PRODUCTION
With the Greek “Euro-drama” apparently over, at least for now, Iran’s oil deal still remains elusive, with any potential agreemen ...


Tuesday, 14 July 15
FOB NEWCASTLE COAL SWAPS MAINTAIN OVERALL NEGATIVE TONE THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.02 per MT (-2.23%) month over month to US$ 44.68 per mt. The swap ...


Tuesday, 14 July 15
CFR SOUTH CHINA COAL SWAPS DECLINE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 1.47 (2.82%) per MT month over month. A commodity swap ...


Monday, 13 July 15
THERMAL COAL IMPORTS SOAR 23 PER CENT TO 24.08 MILLION TONNES AT 12 MAJOR INDIAN PORTS
Import of thermal coal jumped 23 per cent to 24.08 million tonnes at 12 major ports in the first quarter of the fiscal, even as the government cont ...


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