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Thursday, 13 August 15
THE RATES FOR CAPES KEPT RALLYING LAST WEEK - INTERMODAL
Intermodal logoCOALspot.com: Strong Capesize performance kept supporting the Dry Bulk market last week, which noted another positive weekly closing, while rates for the rest of the segments were moving directionless for the bigger part of the week, still denying market participants a full-on change of sentiment, said Greece based ship broker Intermodal in its recent weekly report.

According to the broker, the devaluation of the yuan by China is of course stealing the spotlight in the case of the Dry Bulk trade as well. The move, which is without a doubt extending the global currency war, is bound to affect demand for Dry Bulk commodities, while it also points out the persistent weakness of the local economy to live up to the expectations built up during the past years. Saying that, the determination of the Chinese government to support the economy is undeniable and this latest decision could be marking a series of growth supporting steps that might partly offset the trade negative effects from the devaluation.

The broker noted that, the rates for Capes kept rallying last week, on the back of improved enquiry in both basins and strengthening sentiment. Things nonetheless started to slow down just before the weekend, while we expect rates for the segment to remain in tighter range this current week.

Commenting on Panamax, Intermodal says that, the Panamax segment kept underperforming the market for yet another week, on the back of a quieter Atlantic market, while activity out of both the Continent and the Pacific were also denying the built up of positive momentum.

The Handy/Handymax/Supramax Atlantic market was a bit slower last week, with fresh business out of ECSA slowing down and numbers out of the Pacific keep losing steam as the week was progressing.


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Wednesday, 26 August 15
2Q'16 FOB INDONESIA COAL SWAP FALLS NEARLY 4.76 PER CENT M-O-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week. The 4Q swap was declined $ 2.20 (-5.13%) p ...


Tuesday, 25 August 15
INDONESIA MINERS' NPLS TO RISE FURTHER, BANK RISKS BUILD - FITCH
The NPLs of Indonesian mine and mine services companies are likely to rise further in the short term, says Fitch Ratings, after reaching multi-year ...


Tuesday, 25 August 15
MINER'S EARNINGS DROP ON FALLING COAL PRICES; Q2'16 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 52.23 A TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week. The 4Q swap was down US$ ...


Monday, 24 August 15
FOB NEWCASTLE COAL SWAPS HIT FRESH LOW, DIPPING BELOW $42 A TON
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 2.20 per MT (-5.01%) month over month to US$ 41.70 per mt. The swap ...


Monday, 24 August 15
Q1'16 CFR SOUTH CHINA COAL SWAP CLOSED AT $ 48.65 PMT
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.89 (3.74%) per MT month over month. A commodity ...


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