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Thursday, 13 February 14
PANAMAX : NOT ENOUGH REQUIREMENTS TO KEEP THE ATLANTIC MARKET FLOATING - FEARNLEYS AS
Handy
After the Chinese holidays the week started on a positive note. Owners are talking higher rates but chrtrs are still somehow reluctant to move. Indo/India is being fixed at around USD 8k bss APS and we see owners rating around mid 12k for 1-year period. Short periods are being fixed in region USD 9,500-10,000 depending on vessels specs. In the Atlantic we also see improved expectations and more activity. The rates are down w.o.w but the general attitude is more positive than last week.
Panamax
It is full of action, thrill and excitement. No, it is not the Atlantic Panamax market but the Winter Olympics in Sochi.
There are simply not enough requirements to keep the Atlantic market floating, giving Owners about 10k on longer rounds, down to poor 8k for a Murmansk run. However, front haul still holding as most Owners prefer to stay in the Atlantic basin in anticipation of a better future just around the corner. ECSA rounds paying 17 +700 APS but voyage rates still under pressure with an armada of ballasters approaching. More activity and a better return in the East, from upper 9k´s for Aussie rounds to above 11k for NOPAC. The gap between period and spot is still significant, with short period up to a year in the 14k-15k range adjusted by spec and delivery. The forward curve holding around 14k for the next 10 months indicating some optimism predominantly for Q2 and Q4.
Capesize
The contango evident for this segment is becoming ever more fascinating, if not worrying. With daily earnings now just barely covering opex, and market clearly overtonnaged, the premiums for forward dealings are considerable. March paper now trade at 50% up, Q2 at 90%, Q3 at 175% and Q4 at 360% in comparison to present real average spot value of less than USD 8k. Unless we see dramatic spot improvements in the weeks to come, FFA- and consequently period levels are in for a correction. Recent representative fixtures include 179k dwt/blt 2010 delivering S. Korea prompt for 13-15 months at USD 23k and 177k dwt/blt 2005 delivering China prompt for 8-10 months at BCI ave4tc +8%.
Source: Fearnresearch
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Wednesday, 22 January 14
HANDY/SMAX: TALK OF RATES INDICATES A STEADY TO FIRMING TREND - INTERMODAL
Last week closed off on the red once more for the Dry Bulk market, which continues to see freight rates trying to get steady feet. Nonetheless, with ...
Wednesday, 22 January 14
EXPORT BAN ON UNPROCESSED MINERALS EFFECTIVE 12 JANUARY 2014 - THREE - YEAR REPRIEVE FOR SOME, BUT UNCERTAINTY REMAINS: PWC
COALspot.com: On 11 January 2014, only hours before a long-debated ban on the export of unprocessed minerals was to come into effect, the Government ...
Wednesday, 22 January 14
DRY SECTOR: SENTIMENT REMAINS STRONG - INTERMODAL
As we have now entered 2014 and the Chinese are soon entering their Year of the Horse (sit tight for the ride!), it is a great opportunity to see ho ...
Wednesday, 22 January 14
SGX SUCCESSFULLY LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore exchanged announced that, SGX Freight Futures were successfully launched on 20 January 2014, and the first trade ...
Tuesday, 21 January 14
PORT OF NEWCASTLE SHIPPED SLIGHTLY MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 20 January 14, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2. ...
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- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Australian Coal Association
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
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