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Saturday, 27 April 13
HANDY : SLIDING ; PANAMAX : POSITIVE ; CAPESIZE : STILL ON ITS KNEES - FEARNRESEARCH
Handy
The Atlantic markets started sliding with no fresh cargoes seen in the market. The USG-Feast was at USD 18k and Black sea-Feast was at USD 11k. The Pacific market is also softening. Indo-india now been fixed around USD 10k basis Singapore position. WCI-China was bit busy with cargoes like salt, grains, iron ore and rates were around USD 11k whereas ECIChina was quiet and rates were around USD 6k. RBCT rounds fixed at USD 8k dop eci. Short period rate for large eco supra was around USD 9000.
Panamax
The positive trend from last week took a turn on Tuesday and the market in both Hemispheres seems to be heading south. In the Atlantic, the numbers of fresh requirements is limited and number of ballasters heading for ECSA demand more cargoes to avoid a further slide. Some increased activity from the Baltics after cold winter is not enough to give any boost so far. T/A is falling to arnd 9.000 and fronthaul at 16 +. Activity in the Pacific has been low despite the regular Indonesian coal where healthy levels above 10 K were achieved for good positions early week. Owners still looking for ECSA rounds or short period also well above the 10 K mark - takers are reluctant.
Capesize
Still on its knees and expected to remain so for the foreseeable future, as there are simply too many prompt ships around. Reflecting continuing global economic uncertainty, combined trade flows for coal and iron ore are and will be insufficient to provide a high utilization ratio for the largest bulkers. The highlight of the week has been the re-entry of a major brazilian miner to book ballasting tonnage for the Tubarao/Qingdao run, the main disappointment being that same has had no positive effect on rate levels. At present daily average of USD 4200, the spot market can hardly fall any further before technical reactions kick in. Despite this, major players keep picking quality tonnage for short and medium period - notable fixtures include 182000 dwt/2011 prompt China obtaining USD 10500 for 8-13 months, also 180000 dwt/2011 done for 6-12 months at USD 10250.
Source: Fearnleys
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Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
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- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
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- Antam Resourcindo - Indonesia
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- ASAPP Information Group - India
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- McConnell Dowell - Australia
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- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
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