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Thursday, 31 July 14
CAPESIZE: CARGO VOLUMES, COAL IN PARTICULAR, PRESENTLY NOT SUFFICIENT TO EMPLOY A GROWING FLEET - FERNLEYS
Handy
Both the Atlantic and Pacific has improved in the supramax segment over the last week, said Fernleys in Its latest weekly report . There were better numbers talked for Supramax tonnage in the eastern Mediterranean and Black Sea areas with more new business evident. Fernley 's added that, from the USG to far east ships fix at around US$ 11,500 daily and from Brazil to continent they get around US$ 10,000.
The pacific has been driven by many fresh nickel ore cargoes. The An Yuan 55,277-dwt 2009-built open Lianyungang was said to be on subjects for a nickel ore at $9,000 daily. According to Fernley 's broker, the Pacific Arcadian 1996-built 49,052-dwt open Yangpu 3-5 August fixed to move nickel ore to China with Greatwin at a good $8,000 daily. And for nopac the Mariner was reported fixed at US$ 9000 daily del dop Zhoushan.
Panamax
On Panamax Fernley’s said, over the last week the Atlantic has stabilized and come up a little bit. Owners got the upper hand as we can see slightly more cargoes in the market and the tonnage lists are shrinking. A trans-Atlantic round now pays around US$ 5,000 daily but we have seen owners achieving up to US$ 9,000 for longer duration business such as 2ll. The fronthaul market is moving sideways with limited activity and is paying around US$ 12,000 daily.
In the Pacific on the other hand the market has dropped quite dramatically over the last week. Here owners are struggling to find the right business for their ships and have to accept APS rates as well as a few waiting days on many occasions. The pacific round now pays around US$ 3,500. As the pacific has come down so has the period market. Today we heard rumors of a 4/8 months period fixed at US$ 7,750 and 1 year period fixed in the low 8,000.
Capesize
According to Fernley’s, Capes dull and without direction despite widespread expectations of near-term recovery and a massive contango towards year-end. Cargo volumes, coal in particular, presently not sufficient to employ a growing fleet. Most evident in the west, with negligible transtlantic demand and an unpredictable balance on fronthaul.
The broker further said in its report that, the main ore trades are stable w-o-w at poor levels, Waust/ China unchanged at US$ 7.85 pmt (or some US$ 10k for pacific rounds) and Brazil/China 1% up coming in at US$ 18.60 pmt (or US$ 26k for tct from cont to feast). Number of major players in holiday modus and very limited period activity.
Source: Fearnresearch
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Monday, 28 July 14
S. KOREA'S KOSPO SEEKS 148K T OF 4700 NAR COAL
COALspot.com: Korea Southern Power Co Ltd (KOSPO) is seeking 148,000 tonnes of 4,700 kcal/kg NCV steaming coal for shipment between October to Nove ...
Monday, 28 July 14
CFR SOUTH CHINA COAL SWAP SLIGHTLY UP WEEK ON WEEK
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. The swap for Q3, Q4 and Q1 2015 showing slight improvement ...
Sunday, 27 July 14
RAMADAN HOLIDAYS IN INDONESIA PUTTING PRESSURE ON CHARTER RATES FROM INDONESIA - VISTAAR INDIA
COALspot.com: The freight rates were almost steady as very slight improvement in BDI by about 1 pct. The BDI was at 739 points after improvin ...
Saturday, 26 July 14
COAL MINING COMPANIES CLOSED TEMPORARILY - THE JAKARTA POST
The Sarolangun regency administration in Jambi has suspended the operations of 10 coal mining companies in line with a circular issued by Regent Ce ...
Friday, 25 July 14
U.S WEEKLY COAL PRODUCTION UP AROUND 3.5% WEEK ENDED JULY 19
COALspot.com – United States the world's second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...
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- Economic Council, Georgia
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