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Thursday, 12 June 14
HANDY : TA MARKET IS CONTINUING SOUTH WITH A DECREASE OF 26% W-O-W
Handy
The week started off with holidays in most European countries and the TA market is continuing south with a decrease of 26% w-o-w. We do see a steady flow of Brazilian cargoes which most likely will tie up tonnage which could lead to more pressure on the rates ex USG and Cont. Rates are still very low with USG/Cont being fixed in region of US$ 9-9,500 for Supra max. But the increasing amount of cargoes for end June/early July dates are maybe a glimpse of a returning positive view.
In the Feast the market is still very weak with a growing list of available tonnage. Rates are under pressure with Spore positions able to achieve around US$ 8k for trips to India while the South Africa cargoes getting fixed at around US$ 10k+Usd 200k GBB. Several owners are now in the market to cover their positions under shorter period deals and asking around 12k for same. Still a big gap between owners and charters as little being concluded so far.
Panamax
With holidays early week the Panamax market is suffering and in a steady decline in both hemispheres. Over the last month the Atlantic market gained over 50 % for a short peak followed by a steep downturn to even lower levels. If possible, Owners are holding back from fixing freight levels offered on voyage, alternatively take the 8.000 + 80 APS USEC to Med or about 3.000 average on T/C. Trading is limited. Fronthaul is also weakening despite Owners resistance to go East, with mid-week levels under 35 pmt on voyage, or around 12.500 + 250 GBB bss APS on T/C.
Low activity level in the Far East also with APS rates applying only. Typically 6 + 80 GBB Indo/India or 6.000 average on T/C for Aussie rounds. The forward curve is all flat, indicating the Panamax market will be 11.000 + for the next 5-6 years. Period takers are few with Owners offering 1 year close to the 10.000 mark.
Capesize
A positive week for the big ships seeing overall market improvements of 15% w-o-w. Much appear due to increased Atlantic volumes and a major miner taking several ships for front hauls. The conference trade West Australia/China has been stable and firming, with rates now coming in between US$ 8.15 and US$ 8.45 pmt, corresponding levels for pacific rounds up 10% and now standing at US$ 13,500. Whilst coal trades remain Depressed, recent physical iron ore developments defy worries of record-high inventories and falling Chinese rebar demand.
Period focus has been on the short term, where recent fixtures include 180000 dwt/built 2004 done basis delivery S. China prompt for 6-10 months at US$ 23k - as FFA values are poor for q1-q2/2015, same levels also apply for 2 x 179000 dwt/built 2009 done basis prompt delivery China for 14-19 months.
Source: FEARNLEYS AS
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Thursday, 12 June 14
CONSOLIDATION IS THE ' NAME OF THE GAME' WHEN IT COMES TO SHIPYARDS ACROSS ASIA - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Intense competition, a swelling of new greenfield shipyards over the past few years mainly in China, especially prior to the 2008 global financial ...
Wednesday, 11 June 14
INDONESIA'S COAL EXPORT VOLUME AND REVENUE SLIPS 2.75% AND 6.73% RESPECTIVELY IN APRIL
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.8* b ...
Wednesday, 11 June 14
BPI TOUCHING A NEW LOW FOR THE YEAR
The Dry Bulk market closed off the week positively, on the back of firming Capesize rates, while the market overall continues to face a very challe ...
Monday, 09 June 14
GOVT GETS TOUGH ON ILLEGAL MINING, SUSPENDS LICENSES - THE JAKARTA POST
The government has temporarily suspended the licenses of 62 mineral and coal transportation companies as part of its efforts to curb illegal mining ...
Monday, 09 June 14
INDO SUB-BIT COAL SWAPS FOR Q3,Q4 OF 2014 AND Q1 2015: LOST ON DAY AND MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 continue last week’s trend or lost on day, week and on month according to Asia ...
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- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Planning Commission, India
- Marubeni Corporation - India
- Australian Coal Association
- PTC India Limited - India
- Heidelberg Cement - Germany
- The University of Queensland
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
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