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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 $9,000/day.
During this time, Cape rates were not as much fluctuating due to changes in cargo volume. as they were due to owners changing the spot availability of capesize vessels. Today, the capsize market is surely in recovery and rates are now sensitive to changes in cargo volume again.
This is why rates have surged recently during the current period of Chinese iron ore re-stocking. Capesize fleet growth has remained low for many months and has ushered in a period of recovery for the capesize market. Capesize rates being able to surge on robust iron ore cargoes is recovery.
This has only been able to occur due to many months of capesize fleet growth staying low.
By: Jeffrey Landsberg | Commodore Research & Consultancy
About Commodore Research & Consultancy
Commodore Research & Consultancy is an independent New York City-based consultancy that focuses on the global demand, supply, and seaborne trade of industrial and agricultural commodities, with a particular focus on China. Commodore Research & Consultancy's analysts handle a wide variety of consulting requests and custom reports.
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Monday, 26 August 13
CARRIAGE OF COAL CARGOES FROM KALIMANTAN, INDONESIA - WEST OF ENGLAND P&I CLUB
The Club has recently been advised by consulting scientists and engineers Dr J H Burgoyne and Partners (International) Limited that the number of in ...
Sunday, 25 August 13
API 8 CFR SOUTH CHINA COAL: HEADING TO NORTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery US$ 2.39 up month on month. The swap was moved positive ...
Sunday, 25 August 13
THE FREIGHT MARKET S7 & S8 SECTOR IS EXPECTED TO BE STEADY/FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market continued to be firm with all indices moved positive except for Panamax which was slightly down (2 pct down).
T ...
Friday, 23 August 13
US PRODUCED MORE COAL WEEK ON WEEK - EIA
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
Thursday, 22 August 13
PANAMAX : PERIOD MARKET IS STILL BEING LED BY STRONGER SENTIMENT IN THE FFA'S - FEARNRESEARCH
Handy
This week started slowly as expected. Indo biz now rate APS around 7k +60k to china and around 8k+80k to India. However, there are some ships ...
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- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Australian Coal Association
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- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
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- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
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- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- PTC India Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
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