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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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Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
Saturday, 06 December 14
MUNDRA PORT MAKES HISTORY BY HANDLING THE LARGEST BULK CARRIER TO CALL ON WEST COAST OF INDIA
COALspot.com: Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, yesterday said its Mundra Port successf ...
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- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Central Java Power - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
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