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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, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
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