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Thursday, 10 November 16
PANAMAX: NO TRUMP INFLUENCE YET, AND THE MARKET IS HEADING NORTH - FEARNLEYS
Supramax
Pacific Supra market still soft and falling this week, although seems to be in a somewhat slower pace compared to last week. According to Fearnleys Weekly Dry bulk report, Supras delivered N. China for trips to SE Asia is getting around USD 5k, while Indo coal trips delivery Singapore to China is getting covered at around mid USD 5k.
Nopac RV’s levels are also around low USD 5k, while Supras is getting paid low/mid USD 6k for s. periods. A bit better tones in Atlantic and Cont. Some 55k dwt vessels have been fixed around 8.5k dop ARAG to Med and 13k dop ARAG to India. Supras with del on ECSA with trip to SE Asia have managed around 10k daily + bb. Supras in Atlantic with worldwide delivery are getting paid mid 9k's for s periods.
Panamax
No Trump influence yet, and the market is heading North! Firming up further in an even stronger market, which is still active in both hemispheres well supported by fresh mineral and grain requirements.
According to Fearnleys Weekly Dry bulk report, North Atlantic is quite hot and tight for ppt tonnage. Short T/A rounds pays above 10 K and fhaul bss Cont pays 12-13 K for long duration. Owners rating 15-16 for shorter runs to India. USG activity and levels stable. Pacific has also firmed up this week, with NOPAC rounds paying mid/upper 7’s, Aussie rounds in the 7’s on average and well above 8 for Kmax. Post Panamax done mid 9's for Pac r/v. Despite a hot spot market, the forward curve is marginally up, just above 6.300 for Cal 17. 1 yr done at 7.250 on modern eco Kmax.
Capesize
The Oslo based broker noted that, the Cape market been very firm for the last week, and continues in the same trend. West Australia/China route have moved from the USD 5 pmt to the USD 6 pmt.
Fearnleys further said, the Pacific round market is around 11-12,000 a day on time chartering. The Brazil/China market are close to USD 12 pmt on voyage, and the vessels are getting around USD 20,000 on tct to do a trip from the Atlantic to the Pacific. Period market also active and it has been done USD 9,500 for around 1 year period. The production of iron ore in Brazil is strong and is expected to continue so until end of the year, this is expected to keep freight rates firm for next weeks to come.
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Friday, 07 October 16
CEYLON SHIPPING CORPORATION HAS TAKEN DELIVERY OF COAL CARRIER MV.CEYLON PRINCESS
Sri Lanka’s Ceylon Shipping Corporation (CSC) has taken delivery of its second newly built bulk carrier for the transportation of coal to pow ...
Friday, 07 October 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 540.5 MMST; DOWN 21.9% Y-O-Y, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.7 million short ton ...
Thursday, 06 October 16
SHIPS IN PACIFIC ACHIEVE JUST ABOVE $10K DAILY FOR A BRAZIL ROUND VOYAGE - FEARNLEYS
Supramax
Slower week with limited activity due to holidays in the East. Mixed feelings within different markets, with slight downturn in Pacific ...
Wednesday, 05 October 16
OPEC TO SHUT OFF MORE THAN 6 PERCENT OF ITS PRODUCTION; MIXED FEELING AMONGST TRADERS - ALLIED
OPEC recent accord to shut off more than 6 percent of its production this past week has been met with mixed feeling amongst traders. As we mo ...
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 ...
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- Parliament of New Zealand
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- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
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- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
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- Commonwealth Bank - Australia
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- Agrawal Coal Company - India
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- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- GMR Energy Limited - India
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- Sojitz Corporation - Japan
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- TeaM Sual Corporation - Philippines
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- London Commodity Brokers - England
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- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
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- Directorate General of MIneral and Coal - Indonesia
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- South Luzon Thermal Energy Corporation
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- IHS Mccloskey Coal Group - USA
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- Economic Council, Georgia
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- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
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- Therma Luzon, Inc, Philippines
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- Holcim Trading Pte Ltd - Singapore
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- Ministry of Transport, Egypt
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- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
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- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
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- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Wilmar Investment Holdings
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- Sical Logistics Limited - India
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- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
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- Jaiprakash Power Ventures ltd
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- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
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- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
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