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Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
 Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, due to factors including ones associated with the global economy. While some of the factors have caused a damper on demand, time charter average rates for Panamax ships overall have risen in the last 18 months, without drastic fluctuations compared to Capesize rates.
There was the impact caused by India's ban on export from some ports. Although a small volume affected, it appeared to have had a physiological effect. Recently, there were reports of declining port congestions for Panamax cargoes. Although a sign of strength in demand, it lets rates lose their momentum. Coupling fixtures, stockpiles and reported export volumes on grain, coal and iron ore shows a sign of reliability, consistency and strength of the class.
Rates continue to hover around 16-18K for translantic, 27-29K for Cont/FE, and 9-11K for FE/Cont and 16-21 for FE-RV. While their highs for the year was 43.5K, 49K, 24K and 34K respectively. The average Baltic Exchange T/C rate for the year to date is 26,488 compared to 2009 at 19,295. Capesize year to date is 33,595 compared to its 2009 at 42,656.
Panamax bulk carriers remain the ships of choice, having the right combination of characteristics for transporting large quantities of raw commodities. As the leading coal and grain transporter, the ships have the flexibility in length, breadth and depth to call at most ports. Even as a large pool of Supramax evade the territory of the Panamax, with their gear advantage, the benefits of the Panamax in scale is attractive. There is so far no sign of over capacity of the class. Wall Street listed operators of Panamax dry-bulkers: DryShips, Diana Shipping, Excel Maritime, Baltic Trading, Genco Shipping, Star Bulk Carriers, Seanergy Maritime , Navios, Navios Maritime Partners, Paragon Shipping are poised to benefit from these vessels.
About 1650 Panamaxs’ are currently in the marketplace. The average fleet age is 13 years. Through 2014, only a handful of new builds are set to be delivered.
Excel Maritime, a major owner of the class has had good revenue from the fleet. Standing at about 75% of their fleets, Diana and DryShips have also benefited. The ships make up 77% of Navios fleet, while 66% of Paragons’.
As winter approaches, demand for coal is expected to favor Panamax ships.
Source: Gerson Lehrman Group / Hellenic Shipping
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Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
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- Price Waterhouse Coopers - Russia
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- Carbofer General Trading SA - India
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- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
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- Minerals Council of Australia
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- Interocean Group of Companies - India
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- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
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- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
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- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
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- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
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- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
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- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Australian Coal Association
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
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- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
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- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
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- Altura Mining Limited, Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
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- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
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- CIMB Investment Bank - Malaysia
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- SN Aboitiz Power Inc, Philippines
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- PowerSource Philippines DevCo
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- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- MS Steel International - UAE
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
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- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
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- SMC Global Power, Philippines
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- Power Finance Corporation Ltd., India
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- Coastal Gujarat Power Limited - India
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- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
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