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Thursday, 29 September 16
FREIGHT RATES MIGHT CONTINUE TO SLIDE NEXT WEEK DUE TO HOLIDAYS IN CHINA
Supramax
Flat start to week followed by a slight gain in rates for Supramaxes, says Fearnleys in its latest weekly report.
According to Fearnleys, an Oslo based shipbroker continent is encountering weak tonnage supply. Supramxs are seeing around $11,000 for Baltic to India and around $6000 to US Gulf. A 56,000-tonner has seen around $8,000 from the east Mediterranean to the US Gulf-Caribbean. In the Pacific Supramaxes are fixing trips with delivery Singapore via Indonesia to China for around mid USD 7k. While trips from N. China to SE Asia is paying somewhere in the low USD 6’ks and market is softening as owners are keen on fixing their ships before Chinese Holidays in October. For Ultramaxes Nopac RV is in the region of USD 7k, while the short period market in the same area is a few hundred dollars above RV levels.
Panamax
Fearnleys says, a good start to the week with Cape splits continuing to assist rates in both hemispheres. TA's are fixing excess USD 5,600 on time charter trips, however the voyage rates are lagging and paying much less. Mid week it seems to be cooling off with chrteres holding back. In the Pacific we see a pretty stable market hovering around mid USD 6k for the rounds and 7k was done for a NoPac round. Chinese holidays approaching and it seems some owners wants to fix now and not wait till next week. The ECSA front hauls were done well above USD 8,300 + 330k early week while mid week gradually falling to about USD 8k + USD 300k. The period short/medium market periods at around USD mid 6 to low 7k, however interest gradually falling.
Capesize
Another volatile week in the Capesize market. According to broker Fearnleys, the freight rates on WC Aussie/China route have gone from the mid USD 6 pmt to high USD 5 pmt level. The activity from west Aussie have been limited and it seems to be the main reason for the decrease in rates.
Brazil/China have moved from high USD 12 pmt to around USD 12 pmt mark - also on this route the activity have been limited. The average cape rates on TC have gone from around USD 15,000 down to USD 13,000 level.
The next week is expected to be quiet as China is off on holidays and freight rates might continue to slide. However it is still careful optimism in the market for the next month or two Fearnleys concluded.
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Wednesday, 05 October 16
SHIPPING MARKET INSIGHT
On September 27th the OPEC petroleum and energy ministers arrived in Algeria to attend the International Energy Forum, which brought together produ ...
Monday, 03 October 16
THERMAL COAL PRICE SHOOTS UP AND MADE THEIR VERTICAL MOVE IN 5 YEARS; PRICE RALLY CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Monday, 03 October 16
DRY-BULK SHIPPING FREIGHTS SLIDE IN SOFTENING SPOT MARKET
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 30 September 16
U.S. WEEKLY COAL OUTPUT FELL 2.3% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Friday, 30 September 16
OPEC CUT SUPPORTS SLOW OIL RECOVERY, NOT STRONG REBOUND - FITCH
OPEC's oil production target announced this week signals the potential for greater co-ordination among its members, but the target itself is la ...
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- Banpu Public Company Limited - Thailand
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- Coal and Oil Company - UAE
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- Wilmar Investment Holdings
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- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
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- GVK Power & Infra Limited - India
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- Carbofer General Trading SA - India
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- Merrill Lynch Commodities Europe
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- Eastern Coal Council - USA
- Chamber of Mines of South Africa
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- Parry Sugars Refinery, India
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- Price Waterhouse Coopers - Russia
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- Commonwealth Bank - Australia
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- Riau Bara Harum - Indonesia
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- Indonesian Coal Mining Association
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- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
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- New Zealand Coal & Carbon
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- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
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- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
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- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
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- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
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- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
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- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Parliament of New Zealand
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- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Posco Energy - South Korea
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
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- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
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- Australian Coal Association
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
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