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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, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- The University of Queensland
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Australian Coal Association
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
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