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Thursday, 20 February 14
SUPRAMAX: IN ASIA IS IMPROVING SIGNIFICANTLY AND TURNED FROM APS TO DOP MARKET
Handy
The activity is back in the market after Chinese holidays. Supramax in Asia is improving significantly and turned from APS to DOP market. We see rate improvements across all trades. For SE Asia rounds for modern Supras are fixing at around 11k level and trips via Indo to India paying around 12k. For the Aussie rounds back to China vessels are trading at around 14k level. For NOPAC rounds to SE Asia Supras are achieving around 10k and for backhaul around 3-4k. Short periods are trading in the region of 10-11k where long period is paying around 12k bss delivery Feast, much lead by the supporting and firming FFA market.
Panamax
We see two very different markets in the two hemispheres now. The Atlantic is still falling, here we see very little fresh cargoes coming out and the list of tonnage is growing. An Atlantic round now pays around USD 8500/day, and we see positional business being done at far lower levels. The ECSA market is still weak, with too many ballasters for first half of March putting pressure on the rates. ECSA/Feast is now down to around 15k+500k compared to around 16k+600k at the end of last week. The bright spot on the other hand is the Pacific. Here rates are pushing upwards and we see Australia rounds fixed around USD 12k and nopac rounds fixing above USD 14k/day. The period market remains healthy; 1-year period is still paying around USD 14k daily.
Capesize
Spot remains at very poor levels despite seeing a 16% improvement w-o-w to come in at a daily average of USD 9600, and the contango in this segment is still worrying. In dramatic contrast to a very uninspiring spot, a "Cadillac" 181k dwt/built 2014 with extremely economical speed/ consumption features has fetched USD 27k basis 10-14 months, delivery China end February - this comparing to some USD 23k on "standard" tonnage. Atlantic suffers from thin demand and continued/growing oversupply of tonnage, a situation not expected to change much in the days to come. At present the only bright spot is the Aussie/China coal and ore trades, being the sole reason for spot levels improving marginally.
Source: Fearnleys AS
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Monday, 14 April 14
CHINA'S MEASURES TO STIMULATE ECONOMY'S GROWTH COULD OFFER ROOM FOR STABILITY IN SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Since the outbreak of the 2008-crisis, the shipping industry, in most of its aspects, i.e. dry bulk and tanker markets alike, has been dealing w ...
Sunday, 13 April 14
INDONESIA TO INDIA FREIGHT MARKET DECLINE CONTINUES
COALspot.com: The freight market continued to drop this week and BDI almost touched 1000 points. BDI closed at 1002 points fell 16.85 pct week o ...
Saturday, 12 April 14
HOW DO YOU CALCULATE LOSS OF EARNINGS FOLLOWING A COLLISION? - INCE & CO
KNOWLEDGE TO ELEVATE
The recent case of Astipalaia vs Hanjin Shenzhen [2014] EWHC 120 (Admlty) has revisited the existing case law on asses ...
Friday, 11 April 14
US COAL PRODUCTION IN MARCH INCREASED 9.69% TO 82.6 MMST MONTH ON MONTH
COALspot.com – United States the world's second largest coal producer, produced approximately 19.10 million short tons (mmst) of coal ...
Thursday, 10 April 14
DRY BULK MARKET IS RISING CLAIMS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the recent fall of the Baltic Dry Index (BDI), when one compares the first quarter of 2014, to similar quarters of the recent past, it i ...
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- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Australian Coal Association
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- PTC India Limited - India
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- VISA Power Limited - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
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