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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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Saturday, 27 September 14
MORE COAL MINERS AGREE TO AMEND CONTRACTS - THE JAKARTA POST
The Energy and Mineral Resources Ministry is in a rush to beat a deadline for the conclusion of numerous memorandums of understanding (MoUs) with t ...
Friday, 26 September 14
INDIA SUPREME COURT RULING TO HIT STEEL, UTILITY EARNINGS, SAYS FITCH
COALspot.com: The 24 September Supreme Court of India (SCI) decision to cancel almost every coal block allocation since 1993 will have a negative f ...
Friday, 26 September 14
U.S WEEKLY COAL PRODUCTION FELL 1.8% WEEK OVER WEEK, SAYS EIA
COALspot.com – United States the world's one of largest coal producers, produced approximately 18.80 million short tons (mmst) of c ...
Friday, 26 September 14
ORACLE SIGNS EPC FRAMEWORK AGREEMENT WITH SEPCO FOR COAL MINE AND POWER PLANT IN PAKISTAN
COALspot.com: Oracle Coalfields PLC, the UK developer of a lignite coal mine and power plant in the south-eastern Sindh Province, Pakistan, has ann ...
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 ...
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- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- The University of Queensland
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
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