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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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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- Neyveli Lignite Corporation Ltd, - India
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- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
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- Baramulti Group, Indonesia
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- IEA Clean Coal Centre - UK
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- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
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- Bulk Trading Sa - Switzerland
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- Goldman Sachs - Singapore
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- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
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- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
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- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
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- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
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- Singapore Mercantile Exchange
- Wilmar Investment Holdings
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- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
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- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
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- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
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- Medco Energi Mining Internasional
- Economic Council, Georgia
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- Heidelberg Cement - Germany
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- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
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- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Ministry of Mines - Canada
- Eastern Coal Council - USA
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