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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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Wednesday, 13 August 14
WEEKLY MARKET INSIGHT - KONSTANTINOS KONTOMICHIS SNP BROKER
Being at the peak of the holiday season, August is, as usual, the quietest month in terms of snp transactions, yet it is also a time very critical ...
Wednesday, 13 August 14
WHAT DOES PROJECT CARGO REALLY MEAN TO INSURERS?
KNOWLEDGE TO ELEVATE
Richard Kamppari-Baker, claims manager of FP Marine Risks, explains the challenges of project cargo risk assessment from ...
Wednesday, 13 August 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN CLOSE TO 57 MONTHS LOWS
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price in August. HBA for the month of A ...
Monday, 11 August 14
LARGEST CHINESE TRADE SURPLUS EVER RECORDED IN JULY - BIMCO
China recorded a trade surplus of USD 47.3 billion in July 2014. The record high surplus came on the back of very strong export growth while import ...
Monday, 11 August 14
INDONESIAN THERMAL COAL SWAPS SEEING SOME POSITIVE TREND
COALspot.com: Indonesian coal swaps for average September 2014 increased US$ 0.20 (+0.36%) day on day and US$ 1.30 (+2.41%) per mt week on week. Th ...
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- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
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