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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, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
...
Wednesday, 04 December 13
SGX'S MONTHLY VOLUMES REACHED A RECORD HIGH OF 705,000 MT IN NOVEMBER 2013
COALspot.com: SGX has announced that, it monthly volumes have reached a record high of 705 lots (705,000 mt) in November 2013 with month-end open in ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Planning Commission, India
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
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