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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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Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
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- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
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- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
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- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
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- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
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