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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, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
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- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
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