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Thursday, 02 October 14
CAPESIZE - DULL AND WITHOUT MUCH DIRECTION AS IRON ORE AND COAL VOLUMES FAIL TO LIVE UP EXPECTATIONS
Handy
After the recent weeks´ rate increase in the Atlantic we see Panamaxes snapping up handymax and Supra cargoes at much lower levels, putting some pressure to the rates for the Smaxes. We do however still see healthy levels being achieved with a slight increase of USD 200 since last week on the Tarvs, Fearnleys AS said in its latest report.
According to Fearnleys, in the Feast, Golden Week is upon us, and we see less activity in the spot and period market. Spore-Indo-India is trading at levels around USD 10k while the nickel ore rounds from Philippines are at USD 7k. The period market is very quiet this week, much lead by the falling FFA market. Owners are still holding out for levels around USD 12k for 1 year on the Supras, while takers are holding back in the low 11´s.
Panamax
Fearnleys commented on Panamax that, Indices are up, and stronger fixtures are done in both hemispheres just before holidays in India and festival time in China.
Fearnleys believes that, A steady output of USG grains give owners return of above 15,500 + 550K GBB or close to 45 pmt mid-week. Could reports of deferred rail supply of grains to US ports lead to a prolonged season? Some "pockets" with lack of tonnage in the Atlantic have resulted in significantly stronger fixtures up to and above 8k/day. However, charterers with forward requirements are offering far less returns on voyage. In the Pacific volumes and levels were sliding early week, whereas mid-week reports show strong fixtures in the 8k range for NOPAC and above 9k for trips to India. Are we about to see a seasonal Q4 push? On the contrary to the positive signals above, arbitrage and trading is limited. There has been a stable lack of confidence in the forward curve with a subdued period market. 1 year levels are around 9k, Fearnleys noted.
Capesize
On Capesize vessel, Fearnleys noted that, dull and without much direction as iron ore and coal volumes fail to live up expectations. the broker further commented, an abundance of prompt tonnage in Far East, not daring to gamble on the long Brazil rounds, compete fiercely for the few stems available ex Australia - with the Dampier/Qingdao conference trade being stuck at around USD 8 pmt or around USD 10k/day.
According to the Broker, conditions in the western hemisphere becoming critical, with a distinct lack of activity on both fronthaul and transatlantic - resulting in idled ships and the Tubarao/Qingdao key route falling close to USD 19 pmt or some USD 19k/day. Period activity remains limited as FFA values presently support no more than USD 18k for good large modern units, a brutal step down from a reported USD 20k recently done on 178k dwt/built 2009 for about 2 years.
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Sunday, 14 September 14
FREIGHT RATES RALLY AS DEMAND INCREASED
COALspot.com: The Baltic Dry Index (BDI) is a number (in US$) issued daily by the London-based Baltic Exchange up 2.25 percent week on week. BDI cl ...
Friday, 12 September 14
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 673.3 MMST, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 11 September 14
THE PANAMAX MARKET IS TAKING A BREATHER - FEARNLEYS
Handy
We have experienced more activity in both hemispheres this week, said Fearnleys in this week's weekly report.
"We see rates c ...
Wednesday, 10 September 14
ARE GREEK BANKS ON THE VERGE TO START LENDING AGAIN? - JOHN N. COTZIAS
It is well known that Greek Banks had suffered severely after the economic crisis of 2008. From that period onwards, major changes have occur ...
Tuesday, 09 September 14
WEAK M&A DESPITE ABUNDANT DISTRESSED INDONESIA COAL ASSETS - FITCH RATINGS
COALspot.com: Fitch Ratings says that a meaningful level of merger and acquisition (M&A) activity leading to a consolidation of the coal sector ...
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- Australian Coal Association
- Goldman Sachs - Singapore
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- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
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- International Coal Ventures Pvt Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Planning Commission, India
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- Toyota Tsusho Corporation, Japan
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- Edison Trading Spa - Italy
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- Chamber of Mines of South Africa
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- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
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- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
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- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
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- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
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- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
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- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
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- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
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- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
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- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
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- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
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- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
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- White Energy Company Limited
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- Banpu Public Company Limited - Thailand
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- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
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