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Friday, 05 August 16
CAPESIZE : RATES ARE REMAINING AT DEPRESSING LEVELS DUE TO LACK OF FRESH CARGOES - FEARNLEYS
Supramax
Last week has been one of the slowest for some time with rates under pressure in most areas.
In its latest weekly report, shipbroker Fearnleys noted that the BSI ending up with 660 points and with average TC value at USD 6,902. Atlantic has been performing poorly and the Asian rates are not better off. A 53,889-dwt has been fixed for a trip from Santos to West Africa around USD9,000 daily.
Fearnleys further noted, In Far East 61-65,000-dwt has been fixed with coal del East Coast India to China USD5250 daily. Continent/Baltic continues with weak supply of vessels and owners remain with a desire to stay in Atlantic rather than going to Far East. Fertilizer business seeing rates around USD18 for 30,000t from Baltic to Brazil and for Baltic to U.S Gulf with 60,000t around USD11.
Panamax
Meanwhile, in the Panamax market this week, Fearnleys noted that over the last week the Atlantic rates have dropped despite a decent flow of fresh cargoes. Fertilizer from Baltic to Usg paying arnd 10 USD for 60.000 5 pct stem. It went on to add that, Owners not really there to face the low levels yet. Ta rounds now being fixed in the low 5 k. Grain volumes still good but rates softening also here. ECSA / feast fronthauls being fixed at 17,50 -18 USD for end august beg Sept. Aps ECSA rates typically ard 7500 + 230 bb.
Meanwhile, Pacific dropping further and Aussie/ China rounds being fixed in the mid 5 k. Indo/India coal covered in the mid upper 6k. Nopac rounds paying around 5 k for a Panamax while a good Kamsarmax touch 6 k. Limited period business reported. 1 year should pay arnd high 5 maybe 6 k.
Capesize
Fearnleys brokers said, there is a lack of fresh cargoes and consequently rates are remaining at depressing levels. In the Pacific there is a steady demand out of West Australia but freight rates have been dropping slowly to present levels around USD 3,8 pmt. In Atlantic, demand is weak resulting in owners keeping their ships waiting rather than accepting rates below operational expenses.
With the European holiday season coming up, a sudden recovery seems unlikely, Fearnleys concluded.
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Monday, 08 August 16
THE TURKISH GOVERNMENT HAS IMPOSED A $15 A TON DUTY ON POWER PLANT COAL IMPORTS - MEDIA
COALspot.com: The Turkish government has imposed a US$15 per ton duty on thermal coal imports for use in its power sector.
According to media ...
Monday, 08 August 16
THE BALTIC EXCHANGE, TRACKING RATES FOR SHIPS CARRYING DRY BULK COMMODITIES SLIDE SLIGHTLY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Panamax and Supramax segments ending in ...
Monday, 08 August 16
ARE EXPENSES INCURRED DURING NEGOTIATION OF A PIRATE RANSOM RECOVERABLE IN GENERAL AVERAGE? - CLYDE&CO
KNOWLEDGE TO ELEVATE
Facts
The laden chemical tanker LONGCHAMP was transiting the Gulf of Aden on passage to Vietnam. The ship was subject t ...
Saturday, 06 August 16
DRY BULK SHIPPING CHARTER RATES TO RISE ON UNEXPECTED DEMAND GROWTH - DREWRY
Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China impo ...
Friday, 05 August 16
WEEKLY U.S. COAL OUTPUT TOTALED AN ESTIMATED 16.1 MMST IN THE WEEK ENDED JULY 30 - EIA
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 16.1 million short tons ...
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- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- PowerSource Philippines DevCo
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