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Thursday, 03 September 15
THE CHINESE STOCK MARKET AND THE CHINESE ECONOMY CONTINUE TO SUBSTANTIALLY AFFECT TRADING - INTERMODAL
Intermodal LogoThe last week of the summer season saw the BDI dipping further on the back of another significant drop in rates for Capes, which brought the market back to mid-July levels and denied owners a much needed shot of optimism.

According to Greece based ship broker Intermodal, the developments surrounding the Chinese stock market and the Chinese economy continue to substantially affect trading, with the big bulkers being the main recipient of the dip in sentiment over the past weeks, while a significant part of the market believes that the extend of the drop is a bit exaggerated as frail sentiment is currently moving the market to a greater extend than pure fundamentals do. Greatly underperforming the rest of the market for a third week in a row, rates for Capes noted another substantial leg down, with period ideas also taking a significant hit.

The broker further noted that, the Atlantic Capesize market was very quiet, especially towards the end of the week with market talk partly attributing the lack of activity to the UK Bank holiday, while at the same time rates in the Pacific declined due to lack of fresh business, signs of which reappeared just before the weekend.

Commenting on Panamax, the broker said, the Atlantic Panamax market moved sideways last week, while in the East healthy levels of activity throughout the week led to overall stable rates and satisfactory period enquiry that shielded sentiment from collapsing on the back of a substantially softer Capesize market.

The geared sizes on the other hand remained for yet another week the best performers across the board, with fresh orders from the USG and East Med regions bringing more optimism to market participants as well as additional short/ medium period interest.


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Friday, 04 September 15
GOVERNORS WILL HAVE THE POWER TO REVOKE MINERS' PERMITS: ENERGY MINISTRY - JG
Starting Oct. 1, Indonesia's governors will lawfully become "executors" in revoking the licenses of miners that fail to secure a &quo ...


Thursday, 03 September 15
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE HBA METHODOLOGY
COALspot.com: Ministry of Energy and Mineral Resources (ESDM) in process to revise Indonesian Coal Price Reference (HBA) and expected to complete b ...


Wednesday, 02 September 15
PORT OF NEWCASTLE SHIPPED 13.46 MMT OF COAL IN JULY; UP 0.66 PER CENT M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.224 billi ...


Wednesday, 02 September 15
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
In the beginning of the summer period SnP activity was firm with numerous buyers, coming mainly from Greece and the Far East, inspecting ships and ...


Tuesday, 01 September 15
FOB INDONESIA COAL SWAPS FURTHER SLIDE TO US$ 40.62 PMT; DECLINE 5.34 PERCENT M-O-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and slightly dropped week over week. The 4Q swap was declined ...


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