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Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
 Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD 600 w-o-w. It is not a dramatic increase but clearly showing the trend for the Atlantic, said Fearnleys's Weekly report.
The broker Fearnleys further said in its latest report that, in the Feast however, we are seeing less activity and a clear sign of rates coming off. Supras open Singapore are achieving in region of USD 7k for trips to Thailand and around USD 11-12k for trips direction India. The NoPac rounds are trading around 10k bss delivery North China.
The short period market is still fairly active with vessels being fixed in region of USD 11-12k depending on specs and delivery, Fearnleys concluded on Handies.
Panamax
Fearnleys commented on Panamax, the sentiment is quite negative all over the board. The Atlantic is weak with growing tonnage lists and little arbitrage opportunities for the operators. Therefore the index is falling slightly every day and now the TA round is paying around USD 4250.
"In the Pacific we have seen a sharper fall in activity and rates; a Pacific round now pays around USD 6750/day. This drop in the Pacific is mainly because of a lack of coal business", broker noted.
As the only positive in today´s market is that the US grain season has really kicked off and is now soaking up vessels in the USG and the USWC. This is giving support to the fronthaul index. A fronthaul from the USG now pays around USD 15500 + 550k ballast bonus.
Broker said, the period market is not very active as the spread between owners and charterers ideas is very wide time being. Short periods have been reported around USD 9-10k.
Capesize
Although the activity level in the last two or so weeks has been high, with all the ore miners picking up spot tonnage, the market is decidedly soft and lacking in resistance, Fearnleys says in its latest report.
Even with the onset of Q4 fuelling hope in the market, and Vale who is rumoured to have taken some tonnage, the market has continued to steadily slip downwards.
The West Australian market has slipped from close to USD 9.00 two weeks ago to low USD 8´s last week, and presently to a level in the mid USD 7´s with no sign of having hit bottom despite the high number of fixtures. Vale re-emergence in the market has failed to make an impression and this lack of long haul volume paired with the lack of coal movement, has resulted in serious over supply of tonnage.
The present sentiment is gloomy, to say the least, and faith in a Q4 boom is dwindling, Fearnleys concluded on Capes.
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Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
Monday, 22 September 14
COAL SECTOR CHAOS - GENESIS TO REVELATION - DIPESH DIPU
COALspot.com: “Let there be light”, intends the government of India but the fuel side of the story paints a blackout. The recent Suprem ...
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- Mercuria Energy - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Planning Commission, India
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
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