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Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize
Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates resistance to further softening, says Fernleys in its latest report.
Average daily earnings were around at US$ 14000 down around 5 pct w/w, with the two main conference routes W Australia/China and Brazil/China contributing equally much to the slight decline.
Fernleys further noted that, outlook is mixed, as 2 major Australian miners have fiscal year ending 30 June and their July volumes could thus be moderate - and coal prices/trades give little reason to cheer, whilst on the other hand numerous vessels busy fitting scrubbers plus the apparent return of Brazilian miners to spot scene calls for cautious optimism on the crucial front haul trades.
Major players keep being busy picking period units, last exemplified by 177000 dwt 2010-built China prompt done for 17-19 months at US$15500, 177000 dwt 2007-built done for 22-25 months at US$15300, and 179000 dwt 2010-built rumoured for 6-9 months at US$15900.
Panamax
Commenting on Panamax sector, Fernleys says, the market has turned down in both basins this week, with the TA-rates especially taking a major hit. A transatlantic round voyage currently yields around US$7,000 per day, while a short front haul from the continent yields something the middle of US$ 16,000. In the east, a Pacific round voyage now pays around the US$ 10,000's per day. The BPI 4TC-index is down 155 points for the week, currently at 1149.
Supramax
A slow start to the week with holidays across many countries in Europe, but with some more activity by mid week.
From ECSA vessels are fixing around $ 14000 to Med, similar rates obtained from USG for the same direction. In the Pacific, bad weather has created problems for several coal producers, leading to several spot vessels in South Kalimantan and also putting pressure on rates elsewhere in Pacific.
Indo/China coal rv's are paying owners around US$7000 del Singapore. While in the Indian Ocean South Africa /WCI paying low US$12k + US$225k gbb and WCI to Bangladesh around mid/high US$ 9000, said Fernleys.
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Wednesday, 06 February 19
THE BDI HAS EASED BACK TO 645 BP, ITS LOWEST LEVEL SINCE AUGUST 2016 - ALLIED
The dry bulk sector is in the doldrums, with most market participants seemingly left utterly perplexed, and simultaneously, in pursuit of any posit ...
Monday, 04 February 19
COAL STILL IN HIGH DEMAND GLOBALLY
Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Cany ...
Friday, 01 February 19
ULTRAMAX WAS FIXED DELIVERY KALIMANTAN, FOR TRIP TO WEST COAST INDIA AT $7,000 - BALTIC BRIEFING
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The Vale dam tragedy sparked a sharp fall in rates across all regions even where tonnage remained tight. The potential loss of product ...
Friday, 01 February 19
SEMBCORP SELECTS NORDEN FOR LONG-TERM INDIAN CONTRACT
NORDEN A/S has signed a 10-year Panamax Contract of Affreightment (COA) with Indian utility firm Sembcorp Energy India Ltd.
From 1 A ...
Tuesday, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
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- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Planning Commission, India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- PTC India Limited - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
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