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Thursday, 27 March 14
PANAMAX : SEEMS TO HEAD FURTHER DOWN; CAPESIZE : ANOTHER CHOPPY AND UNPREDICTABLE WEEK - FEARNLEYS AS
Handy
A weaker sentiment for the smaller size as well, with reduced activity in the Atlantic where Owners have to face significantly lower returns. Owners in the USG suffering the most, where fronthaul is down 20% w-o-w to around 20k/day and trip across at 15k. That is for those able to find it. Continent holding slightly better where 17k level achievable for trips to east Med. Despite some uncertainty in the Crimea, Med holding fairly well as does South Atlantic with above 14 + 400 done to the east. Overall a gradually negative trend is about to be established in the Far East with a growing list of open positions and reduced volumes of fresh requirements. Indonesian coal still moving in the 13-14k range, but more owners looking for coverage in short or medium period in the mid 14 area.
Panamax
Panamax market seems to head further down, lack of fresh requirements and China seems not to buy the expected grain from South America, due to price and/or quality matters. This trade normally absorb a significant amount of Panamax tonnage on fronthaul. The iron ore from Brazil also mainly covered on Capes. Atlantic is consequently flooded with prompt tonnage. Atlantic rounds are fixed in the 5-6k region depending duration some even less. Vessels ballasting from USG further south and fronthaul paying mid 15k plus a 550k bonus. Pacific upto now holding a more steady pace, covered in the 10-11k levels, but for how long. Period trading recently fixed in 14-14,5k for 1 year but seems to be under pressure as well, paper values not looking god for Q2. Short term we expect still oversupply of tonnage and lack of cargoes.
Capesize
The Cape market has experienced another choppy and unpredictable week. Although there has been less activity on the Tubarao/China route, rates have held steady between USD 26 and 27 PMT. T/A rates maintain their levels at about 25k/day. The West Australia market, whilst being extremely actively fixed, has been the volatile route. C5 has seen a high of USD 12 PMT, and a recent low of 10 PMT. This represents a loss of about 10k on the TCE for a BCI 180 dwt vessel. This fluctuation has driven (and been driven by) significant paper sell-offs. April and Q2 FFA contracts lost USD 3,740 and 3,000, respectively, on Tuesday. It is difficult to tell whether this represents bearish sentiment toward the front end, or simply profit taking from some of the bigger traders. At the time of writing, the FFA market has stabilized somewhat, and what happens next is difficult to predict.
Source: FEARNLEYS AS
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Wednesday, 09 April 14
DRY BULK MARKET STRUGGLED THROUGHOUT THE WEEK - INTERMODAL
The Dry Bulk market struggled throughout the week but the poor performance across the board didn't allow for any positive reversal, pushing ...
Tuesday, 08 April 14
PORT OF NEWCASTLE SHIPPED 2.90 MMT OF POWER PLANT AND SEMI-SOFT COKING COAL IN A WEEK
COALspot.com: In the week ended 07:00 hours 7 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensla ...
Tuesday, 08 April 14
RBCT SHIPPED 53.79% MORE COAL IN MARCH 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 6.90 million to ...
Tuesday, 08 April 14
APRIL 2014 INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST SINCE JANUARY 2010
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down again the coal bench mark price by US$ 2.20 / MT to ...
Tuesday, 08 April 14
TALKING ABOUT A ONE-HORSE RACE - GEORGE LAZARIDIS
Ever since the onslaught of the financial crisis, China along with the other BRIICs, have played a pivotal role in supporting global economic gr ...
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- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
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- Kumho Petrochemical, South Korea
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- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
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- Sojitz Corporation - Japan
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- Siam City Cement - Thailand
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- White Energy Company Limited
- Parliament of New Zealand
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- Ministry of Mines - Canada
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- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Chamber of Mines of South Africa
- Romanian Commodities Exchange
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- Borneo Indobara - Indonesia
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- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
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- Merrill Lynch Commodities Europe
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- PowerSource Philippines DevCo
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- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
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- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
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- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
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- Eastern Coal Council - USA
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- Eastern Energy - Thailand
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- Directorate General of MIneral and Coal - Indonesia
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- Thiess Contractors Indonesia
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- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
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- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
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- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
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- LBH Netherlands Bv - Netherlands
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- Wood Mackenzie - Singapore
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- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
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- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
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- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
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- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
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