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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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- Wood Mackenzie - Singapore
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- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
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- Jaiprakash Power Ventures ltd
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- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- ASAPP Information Group - India
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- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
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- CNBM International Corporation - China
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- MS Steel International - UAE
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- Renaissance Capital - South Africa
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- Samtan Co., Ltd - South Korea
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- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
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- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
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- Romanian Commodities Exchange
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- Bulk Trading Sa - Switzerland
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- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
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- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
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- Economic Council, Georgia
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- IEA Clean Coal Centre - UK
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- Eastern Coal Council - USA
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- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- The University of Queensland
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
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- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
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- Cement Manufacturers Association - India
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- Anglo American - United Kingdom
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- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
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- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
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- Indian Oil Corporation Limited
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- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Minerals Council of Australia
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