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Tuesday, 20 August 13
CAPESIZE RATES MORE SENSITIVE TO DEMAND - COMMODORE RESEARCH & CONSULTANCY
COALspot.com : Approximately 71.50 million tons of iron ore is now stockpiled at Chinese ports, 900,000 tons (-1%) less than a week ago, Commodore Research & Consultancy said in its latest report.
Chinese iron ore port stockpiles have now fallen to their lowest level since May and are 26.6 million tons (-27%) lower than where they stood a year ago. The historically low level of iron ore stockpiled at Chinese ports is very encouraging, and has been a contributing factor behind the strength in demand for imported iron ore cargoes and recent surge in cape size freight rates, said Commodore Research & Consultancy.
Commodore Research & Consultancy further said in its research report, 23 cape size vessels were chartered to haul iron ore in the spot market last week (all of the vessels were chartered to deliver iron ore to Chinese buyers). The last seven weeks have seen an average of 22.5 cape size vessels chartered to haul iron ore, with each week seeing at least 20 cape size vessels chartered to haul iron ore. Prior to the last seven weeks, this year had seen an average of only 15.5 cape size vessels chartered to haul iron ore.
The consistently large amount of cape size vessels being chartered to haul iron ore cargoes (predominantly to Chinese buyers), combined with cape size fleet growth remaining relatively low, has caused spot cape size availability to become much tighter as we have predicted. This tightness helped cape size rates find significant support on Wednesday and Thursday. Going forward, we continue to believe that there will be brief periods where spot availability of cape size vessels will be very tight and will lead to short-term spikes in Cape rates that will exceed $1,000 per day. Much lower cape size fleet growth this year has now allowed the market to re-enter a phase where cape size rates are much more sensitive to changes in cargo volume and spot demand for available cape size vessels, Commodore Research & Consultancy said.
Commodore Research & Consultancy forecasts, rates, of course, will continue to decrease at times, but overall prospects for cape size rates are encouraging.
About Commodore Research & Consultancy
Commodore Research & Consultancy is an independent New York City-based consultancy that focuses on the global demand, supply, and seaborne trade of industrial and agricultural commodities, with a particular focus on China. Commodore Research & Consultancy's analysts handle a wide variety of consulting requests and custom reports. Commodore Research & Consultancy also offers two standard report subscriptions (Dry Bulk Report Subscription and China Report Subscription).
Views expressed herein are personal views of the author and not that of COALspot.com. We welcome article submissions from experts in the areas of coal, mining, shipping, etc. To submit your articles please click here
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Wednesday, 02 April 14
CHINA: ARBITRATION CLAUSES IN BILLS OF LADING UNDER CHINESE LEGAL PRACTICE - SKULD
KNOWLEDGE TO ELEVATE
Successful incorporation of a charterparty arbitration clause into the bills of lading is not a straight forward matte ...
Wednesday, 02 April 14
BPI BREAKING BELOW THE 1,000 PSYCHOLOGICAL LEVELS - INTERMODAL
Any resistance put forth by the Dry Bulk market the week prior was succumbed this time round. All indices slid and losses were noted across the ...
Tuesday, 01 April 14
NEWCASTLE PORT SHIPPED 11.95 MILLION TONS OF COAL IN MARCH 2014
COALspot.com: In the week ended 31 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Monday, 31 March 14
SHIPPING CONFIDENCE HITS HIGHEST LEVEL SINCE 2008 - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, ...
Monday, 31 March 14
COAL SWAP FOR Q1 2015 DELIVERY HAS CLOSED 4.76% HIGHER COMPARED Q2 14 CLOSING
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
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- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
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- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Australian Coal Association
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
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