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Monday, 16 September 13
WHAT RECOVERY MEANS FOR THE CAPESIZE MARKET - COMMODORE RESEARCH
COALspot.com: The simple fact that capesize rates have been able to increase above the $9,000/mark and become much more responsive to changes in cargo volume is a very clear sign that the capesize market is in recovery.
Capesize rates will continue to wax and wane, though, and "recovery" does not mean rates will now simply go up. But it does mean that rates now are able to rise on the strength of robust cargoes, which is very significant as during the first three quarters of last year this was certainly not the case.
During most of the first three quarters of 2012, capesize rates were unable to escape the $3,000 and $9,000 cycle, with fluctuations largely driven by owners idling available Capes when rates approached roughly the $3,000/day level and returning vessels when rates approached approximately $9,000/day.
During this time, Cape rates were not as much fluctuating due to changes in cargo volume. as they were due to owners changing the spot availability of capesize vessels. Today, the capsize market is surely in recovery and rates are now sensitive to changes in cargo volume again.
This is why rates have surged recently during the current period of Chinese iron ore re-stocking. Capesize fleet growth has remained low for many months and has ushered in a period of recovery for the capesize market. Capesize rates being able to surge on robust iron ore cargoes is recovery.
This has only been able to occur due to many months of capesize fleet growth staying low.
By: Jeffrey Landsberg | Commodore Research & Consultancy
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.
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Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
Wednesday, 11 September 13
ASIA - PACIFIC THERMAL COAL MARKET TO REMAIN OVERSUPPLIED IN NEXT 12 MONTHS - FITCH RATINGS
COALspot.com: Fitch Ratings says the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has b ...
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- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
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- Australian Commodity Traders Exchange
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- Ministry of Finance - Indonesia
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- Anglo American - United Kingdom
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- McConnell Dowell - Australia
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- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
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- Aditya Birla Group - India
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- Interocean Group of Companies - India
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- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
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- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
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- Agrawal Coal Company - India
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- Indonesian Coal Mining Association
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- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
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- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
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- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
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- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
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- Sakthi Sugars Limited - India
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- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
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- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
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- Singapore Mercantile Exchange
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- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
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- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
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- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
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- The University of Queensland
- Wood Mackenzie - Singapore
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- Altura Mining Limited, Indonesia
- Planning Commission, India
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- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
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- SMG Consultants - Indonesia
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- Bhushan Steel Limited - India
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- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
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- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
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