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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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Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
Tuesday, 02 December 14
U.S WEEKLY COAL PRODUCTION FELL 1.4% WEEK ON WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.6 million short tons (mmst) o ...
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- The University of Queensland
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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