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Thursday, 09 October 14
CAPESIZE MARKET HAS CONTINUED TO SHOW WEAKNESS - FEARNLEYS
 Handy
We mentioned last week that after several weeks of rate increase for the Supras, the bigger Panamaxes started to snap up better paying Supra cgos. This together with a slowdown in activity in the USG and ECSA has caused rates to slip this week, said Fearnleys in its latest weekly report.
The broker further commented that, TA´s are now paying around USD 9.5k compared to the low 11k´s achieved last week. In the Pacific we see the same tendency with rates slipping across the board. Rates for Pac rounds are now in the region of USD 9k. The period market is losing ground and takers are withdrawing from the longer period deals. There are still shorter periods being done, but the levels are well below last done in the different segments, Fearnleys concluded on smaller vessels.
Panamax
On Panamax Fearnleys said, it seems last week´s push in rates was much caused by charterers wanting to cover themselves before the holidays in the Feast. There are very few grain stems for Oct dates left in the USG and the big grain houses are now quoting Nov and Dec dates. This combined with plenty of ballasters entering the Atlantic this and next week are pushing the USG/China rates down. The broker further said, the Fhaul cargoes quoted for Continent delivery are fixed within a couple of hours after entering the market and owners are fixing less than last done in order to secure employment. TA´s are now being fixed in region of USD 5/6k depending on delivery. The Fhauls are being fixed in region of USD 14.5k and even lower on voyage bss.
According to Fearnleys, in the Eastern hemispheres we see rates also coming off even with India importing record amounts of coal for their electricity plants with about a 19% increase y-o-y. Pac rounds are now paying around 7k compared to the 8k last week. Period activity is limited and FFA´s are coming further down.
Capesize
According to broker, the Capesize market has continued to show weakness. West Australia has slipped by about 25 cents to about the USD 7.75 level despite healthy fixing volumes. Worse is the all important Brazil to China fronthaul leg, where rates are now below USD 18.00 and the fixing activity is limited to the operators rather than the miners. Unless we see a significant increase in activity on this long duration business, it is difficult to be optimistic about a Q4 rebound. On the period front major operators relet tonnage for short period (though Q4) at a disappointing USD 15k daily level. This lack of confidence in the near term market is concerning, broker concluded on Capes.
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Friday, 10 October 14
INDONESIA TO DEVELOP DOWNSTREAM COAL INDUSTRY - JP
The government is planning to launch a program to develop the downstream coal industry to increase the commodity’s added value, an official h ...
Friday, 10 October 14
U.S. PRODUCED 83.2 MMST OF COAL IN SEPTEMBER, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.6 million short tons (mmst) of coal in ...
Thursday, 09 October 14
SHIPPING REMAINS CHALLENGED AS GLOBAL GROWTH DISAPPOINTS - BIMCO
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. ...
Wednesday, 08 October 14
CAPES RATE FOR THE W. AUSTRALIA TO CHINA VOYAGE MOVED TO BELOW $8/MT - INTERMODAL
The Dry Bulk market remained under pressure last week, with rates for Capes remaining on the red while those for Panamaxes managed to outperform th ...
Wednesday, 08 October 14
OIL COULD FALL TO USD80 BEFORE SHALE SUPPLY RESPONSE - FITCH
COALspot.com: Brent oil could fall as low as USD80 a barrel before triggering a self-correcting supply response with shale-oil drillers cutting inv ...
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- Indian Oil Corporation Limited
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- Eastern Energy - Thailand
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
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- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Siam City Cement - Thailand
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- Indian Energy Exchange, India
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- Standard Chartered Bank - UAE
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- Independent Power Producers Association of India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
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- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
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- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
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- SN Aboitiz Power Inc, Philippines
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- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
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- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
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- Global Business Power Corporation, Philippines
- Australian Coal Association
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
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- Planning Commission, India
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- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
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- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
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