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Friday, 12 December 14
LIMITED TRADING AND AN OVERSUPPLY OF TONNAGE PUSHED HANDY SIZE SHIPS TO DOWN IN USG
Handy
We have seen the TA spot market come down this week lead by limited trading and an oversupply of tonnage in the USG, Fearnleys said in its latest week report.
According to Fearnleys, the signals are mixed but less pet coke out of USG causing rates to slip together with owners wanting to fix out their positions before the Christmas holidays. TA´s are down some US$ 1,000 w-o-w while the Fhauls bss Continent delivery are fixing at pretty much the same levels as last week, ie low US$ 13k. In the Pacific we see a much more balanced market with about the same levels as last week. Indo/India coals are being fixed in region of US$ 13k while the SE Asia rounds are seeing around US$ 9k.
The short period market is still fairly active and Supras are being fixed at around US$ 10-11k depending on delivery while the bigger Ultras are being fixed at 12k, Fearnleys concluded on Handy size ships.
Panamax
The Panamax market has continued its slow sliding tendency since last week. Still not a dramatic decrease in rates, but we see the TA market being fixed in region of US$ low 10k which is down some US$ 200 w-o-w, the broker Fearnleys continues. The breaching of INL season is approaching and we see charterers with such cargoes all ready now have to pay up a bit as a premium to owners willing/able to do same. We do see fresh cargoes entering the market and it seems pretty well balanced with tonnage in the Atlantic, so the reason for rates sliding could be caused by the bigger Capes which have seen rates coming off hard.
Fearnleys further noted that, some Cape owners are even offering in on Panamax stems which again putting pressure on the rates. In the Eastern hemisphere we noted that India is importing record amounts of coal and building up congestion in the ports. This has not put pressure on the rates and with lack of other Pacific cargoes, the Pac round rates has come off some 7- 800k w-o-w.
Capesize
Imploding on a close to total absence of prompt demand, with coal as commodity and Atlantic as region being the most painful spots, said Fearnleys.
An abundance of Owners falling over each other to secure the very few available cargoes coming almost exclusively ex Australia, with resultant rate levels in free fall. According to Fearnleys , w-o-w, freight for the conference trade Continent/Far East is down 25% to US$ 18500/day, pacific rounds down 45% to US$ 6800 and average earnings down some 40% to come in at US$ 7300/day. What little period is being concluded is on index-linked basis, as neither present/predicted coal/ore volumes nor FFA values are even close to support necessary fixed levels.
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Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have s ...
Friday, 19 December 14
U.S WEEKLY COAL PRODUCTION REACHED APPROXIMATELY 19.8 MMST; UP 1.0% WOW
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Friday, 19 December 14
HANDY: SOFTER TONE; PANAMAX: QUIET WEEK; CAPESIZE; PAINFUL WEEK
Handy
A softer tone for rates and volumes for the Supras, perhaps less apparent in the Pacific the last week before the season holidays and good ...
Thursday, 18 December 14
INDONESIA TO REVISE UP COAL OUTPUT TARGET TO 460 MILLION TONS IN 2015
COALspot.com: Indonesian government has revised up its next year coal output forecast to 460 million tons from its previous forecast of 421 million ...
Wednesday, 17 December 14
CAPES RATES SLIPPED BELOW $5,600/DAY, FELL 84% YOY
COALspot.com: In the very rare occurrence when the BCI stands below the BDI, words to describe market sentiment are probably poor, said Intermodal ...
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- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Australian Coal Association
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
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