Monday, 09 Jan 2012
It is reported that coal exports through the Port of Newcastle increased by about 10% last year reaching about 114 million tonnes. But income from the industry might not be a record with spot or one off sale prices well down on historic highs and lower quality export coal reportedly selling for less than USD 100 a tonne.
Newcastle has three coal loaders. Terminals at Carrington and Kooragang Island are operated by the Rio Tinto and Xstrata-backed Port Waratah Coal Services. A second Kooragang loader owned by the BHP Billiton-backed Newcastle Coal Infrastructure Group began shipping in 2010.
Port Waratah publishes its exports but the infrastructure group does not, meaning that the annual Newcastle exports are an estimate based on the amount of coal arriving at the port from the mines.
In its latest monthly report, the Hunter Valley Coal Chain Co-ordinator which oversees the industry said 113.9 million tonnes of coal arrived at the port in the year to December 31. If as much coal left the port as came into it, the infrastructure group’s share of the total would be about 16million tonnes for the year.
The group could only use smaller handy or Panamax class ships until October when dredging of its shipping channels and berths was completed, allowing it to start using the large Cape class ships that dominate the Newcastle coal trade.
The infrastructure group and Port Waratah are expanding their operations and 2012 exports are expected to be substantially above the 2011 total.
(sourced TheHerald.com.au)
Showing posts with label panamax vessel. Show all posts
Showing posts with label panamax vessel. Show all posts
Monday, January 9, 2012
Tuesday, December 13, 2011
Morocco's JLEC launches three Panamax thermal coal tenders: trade
Tuesday, 13 December 2011
Moroccan generator Jorf Lasfar Energy has issued a tender for three 60,000 mt Panamax cargoes of thermal coal for March, April and May delivery, according to market sources.
The tender called for thermal coal with a minimum calorific value of 5,800 kcal/kg NAR, minimum 9% ash and maximum 1% sulfur.
One trader said it was "strange" that JLEC had lowered its typical sulfur content requirement from 1.5% to 1%, saying that he assumed it was because the generator had concluded a recent supply contract with a Russian producer and needed more lower-sulfur material.
Bids are due by December 20 and valid until December 22.
JLEC last month awarded a tender for four Panamaxes for delivery in January-April to a Switzerland-based trader-producer at a price in the region of $115.50-115.90/mt CIF Jorf Lasfar, according to traders.
JLEC regularly tenders for spot shipments for its coal-fired plant, which has an installed capacity of 1,372 MW, providing around one third of Morocco's electricity supply.
Source: Platts
Moroccan generator Jorf Lasfar Energy has issued a tender for three 60,000 mt Panamax cargoes of thermal coal for March, April and May delivery, according to market sources.
The tender called for thermal coal with a minimum calorific value of 5,800 kcal/kg NAR, minimum 9% ash and maximum 1% sulfur.
One trader said it was "strange" that JLEC had lowered its typical sulfur content requirement from 1.5% to 1%, saying that he assumed it was because the generator had concluded a recent supply contract with a Russian producer and needed more lower-sulfur material.
Bids are due by December 20 and valid until December 22.
JLEC last month awarded a tender for four Panamaxes for delivery in January-April to a Switzerland-based trader-producer at a price in the region of $115.50-115.90/mt CIF Jorf Lasfar, according to traders.
JLEC regularly tenders for spot shipments for its coal-fired plant, which has an installed capacity of 1,372 MW, providing around one third of Morocco's electricity supply.
Source: Platts
Saturday, November 5, 2011
Demand slump threatens more pain for Bulk Vessels - Vistaar
Saturday, 05 November 11
The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also continued to drop and was down by 13.56 pct and closed at 2,829 points. Panamax and Supramax dropped and closed at 1,866 points (down by 3.76 points) and 1,452 points (6.02 pct) respectively.
Handy size index dropped by 5.60 pct and closed at 742 points.
Very less interest in short period and for Supramax delivery N. China for trips via Indonesia were reported around US$ 9,000-10,000 per day, said Capt. Reddy, Director of Vistaar. The freight rate from Indonesia to India likely to remain soft next week. According to Capt. Reddy, 2012 also not a good year for bulk vessels and freight market.
“Global shipping is experiencing a downturn that's even worse than during the 2008 financial crisis, China's transportation minister said, as reported by Reuters.
The average charter rates was at Cape/US$ 23,374 per day , Panamax/US$ 14,925 per day , Supramax/US$ 15,183 per day and Handy size/US$ 10,565 per day.
The Supramax index in the feast (S6 route) was down by 13.60 pct and closed at US$ 10,442 per day (last week US$ 12,086 per day). The EC India/China (S7 route) was also down by11.76 pct and closed at US$ 8,949 per day (last week US$ 10,142 per day). The S6 and S& route likely to remain soft next week.
The futures for three years (2011-2013) was at around Cape/US$ 15,000 per day, Panamax/US$ 13,000 per day, Supramax/US$ 13,000 per day , Handy size/US$ 10,500 per day.
The congestion in EC Australia decreased to 89 vessels this week (last week 100 vessels). The vessels waiting at main coal loading ports were at Hay point/4, DBCT/7, Gladstone/12, Abbot Point/Nil, New Castle/45, Port Kembla/10 vessels. On the WC Australia iron ore vessels waiting was at 45 vessels (last week 37 vessels).
The Brent crude oil prices was up and closed at US$ 112.45 per barrel (last week US$ 110.05 per barrel). Bunker prices also remained firm and closed at 695.50 pmt (last week US$ 692.00 pmt) for IFO 380 cst ex Singapore on 4th Nov 2011.
If you believe an article violates your rights or the rights of others, please contact us.
The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also continued to drop and was down by 13.56 pct and closed at 2,829 points. Panamax and Supramax dropped and closed at 1,866 points (down by 3.76 points) and 1,452 points (6.02 pct) respectively.
Handy size index dropped by 5.60 pct and closed at 742 points.
Very less interest in short period and for Supramax delivery N. China for trips via Indonesia were reported around US$ 9,000-10,000 per day, said Capt. Reddy, Director of Vistaar. The freight rate from Indonesia to India likely to remain soft next week. According to Capt. Reddy, 2012 also not a good year for bulk vessels and freight market.
“Global shipping is experiencing a downturn that's even worse than during the 2008 financial crisis, China's transportation minister said, as reported by Reuters.
The average charter rates was at Cape/US$ 23,374 per day , Panamax/US$ 14,925 per day , Supramax/US$ 15,183 per day and Handy size/US$ 10,565 per day.
The Supramax index in the feast (S6 route) was down by 13.60 pct and closed at US$ 10,442 per day (last week US$ 12,086 per day). The EC India/China (S7 route) was also down by11.76 pct and closed at US$ 8,949 per day (last week US$ 10,142 per day). The S6 and S& route likely to remain soft next week.
The futures for three years (2011-2013) was at around Cape/US$ 15,000 per day, Panamax/US$ 13,000 per day, Supramax/US$ 13,000 per day , Handy size/US$ 10,500 per day.
The congestion in EC Australia decreased to 89 vessels this week (last week 100 vessels). The vessels waiting at main coal loading ports were at Hay point/4, DBCT/7, Gladstone/12, Abbot Point/Nil, New Castle/45, Port Kembla/10 vessels. On the WC Australia iron ore vessels waiting was at 45 vessels (last week 37 vessels).
The Brent crude oil prices was up and closed at US$ 112.45 per barrel (last week US$ 110.05 per barrel). Bunker prices also remained firm and closed at 695.50 pmt (last week US$ 692.00 pmt) for IFO 380 cst ex Singapore on 4th Nov 2011.
If you believe an article violates your rights or the rights of others, please contact us.
Friday, November 4, 2011
Indian Iron Ore Market remains Dead - Fearnleys
Friday, 04 November 11
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, with a 2-3k usd premium for vessels willing to go through Aden. USG/Skaw fixing around usd 29700, and Skaw/USG concluded in the usd 8000 range. We do believe less activity in the weeks ahead of us. The Pacific market has been dropping and it seems like it will continue to remain so due to lack of fresh cargoes and building up of tonnages. For Indo-India, large eco Supra can fetch close to usd 10k from North China position and NOPAC RV close to usd 9k. Indian iron ore market remains dead with no activity on WCI & ECi forcing vessels to ballast to RBCT and Indonesia. RBCT rounds now fixed basis APS ++BB and vessels ballasting from ECI to Indonesia fixing around usd 8k. Red Sea fertilisers to India are fixed around mid 20s. Very little activity on short period and rate is around 12k for large Supras.
Panamax
Fair activity with mineral requirements in the North Atlantic from USEC and Baltic catering for healthy levels as market is tight for prompt loaders. Fixing levels in the 20´s for Baltic rounds, upper teens for TA rounds. Less activity and weakness in the USG and ECSA from an increasing number of ballasters appears from the Med and Far East. Levels for trip out hovering in the 26 + 600 range basis APS. In the Far East activity is low, tonnage lists grow, and rates are under downward pressure. NOPAC rounds 12500, period activity scant. The general sentiment is losing confidence from a slow and descending forward market.
Capesize
After a relatively long period with improving rates, the Cape market experiences a correction mid last week. Rates kept dropping throughout this week, with West Australia/China being done just bellow usd 10 pmt. Tubarao/Qingdao was done last week around usd 32 pmt, the lowest done this week is just below usd 25 pmt. The drop in spot rates has resulted in less period activity with chrtrs aiming around mid teens, a level perceived to be of non interest to the owners. The rest of the week is remained to be quiet with Eisbein going on in Germany.
(source - Fearnleys via coalpsot)
If you believe an article violates your rights or the rights of others, please contact us.
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, with a 2-3k usd premium for vessels willing to go through Aden. USG/Skaw fixing around usd 29700, and Skaw/USG concluded in the usd 8000 range. We do believe less activity in the weeks ahead of us. The Pacific market has been dropping and it seems like it will continue to remain so due to lack of fresh cargoes and building up of tonnages. For Indo-India, large eco Supra can fetch close to usd 10k from North China position and NOPAC RV close to usd 9k. Indian iron ore market remains dead with no activity on WCI & ECi forcing vessels to ballast to RBCT and Indonesia. RBCT rounds now fixed basis APS ++BB and vessels ballasting from ECI to Indonesia fixing around usd 8k. Red Sea fertilisers to India are fixed around mid 20s. Very little activity on short period and rate is around 12k for large Supras.
Panamax
Fair activity with mineral requirements in the North Atlantic from USEC and Baltic catering for healthy levels as market is tight for prompt loaders. Fixing levels in the 20´s for Baltic rounds, upper teens for TA rounds. Less activity and weakness in the USG and ECSA from an increasing number of ballasters appears from the Med and Far East. Levels for trip out hovering in the 26 + 600 range basis APS. In the Far East activity is low, tonnage lists grow, and rates are under downward pressure. NOPAC rounds 12500, period activity scant. The general sentiment is losing confidence from a slow and descending forward market.
Capesize
After a relatively long period with improving rates, the Cape market experiences a correction mid last week. Rates kept dropping throughout this week, with West Australia/China being done just bellow usd 10 pmt. Tubarao/Qingdao was done last week around usd 32 pmt, the lowest done this week is just below usd 25 pmt. The drop in spot rates has resulted in less period activity with chrtrs aiming around mid teens, a level perceived to be of non interest to the owners. The rest of the week is remained to be quiet with Eisbein going on in Germany.
(source - Fearnleys via coalpsot)
If you believe an article violates your rights or the rights of others, please contact us.
Saturday, October 29, 2011
Indonesia to India Freight likely to remain soft
Saturday, 29 October 11
The market continued to slow down and all segment were down this week.
The biggest drop was in the Cape Index down by 8.19 pct followed by Panamax index down by 4.29 pct. The Supramax and handy size index was marginally down by about 1 pct. The BDI was down by 6.27 point and closed at 2,018 points.
“The short period rates for Panamax remained firm at around $ 14,000 per day. However no short period candidates reported on Supramax”, said Capt. Reddy, Director of Vistaar Shipping Singapore. Vistaar shipping is an experienced ship operator, operating out of Singapore.
Charter rates for Supramax delivery N. China for trips via Indonesia were reported around $ 9,000-10,000 per day. The freight rate from Indonesia to India likely to remain soft next week.
According to Vistaar Shipping of Singapore, the average charter rates was at Cape/$ 28,214 per day , Panamax/$ 15,521 per day , Supramax/$ 16,155 per day and Handy size/$ 11,254 per day.
The Supramax index in the feast (S6 route) was down by 10.30 pct and closed at $ 12,086 per day (last week $ 13,474 per day). The EC India/China (S7 route) was also down by7.92 pct and closed at $ 10,142 per day (last week $ 11,015 per day). The S6 and S& route likely to remain soft next week.
The futures for three years (2011-2013) was at around Cape/$ 16,000 per day, Panamax/$ 13,500 per day, Supramax/$ 13,500 per day , Handy size/$ 10,500 per day.
The congestion in EC Australia increased to 100 vessels this week (last week 92 vessels). The vessels waiting at main coal loading ports were at Hay point/7, DBCT/22, Gladstone/12, Abbot Point/Nil, New Castle/49, Port Kembla/9 vessels. On the WC Australia iron ore vessels waiting was at 37 vessels (last week 44 vessels).
The Brent crude oil prices was almost at same level and closed at $ 110.05 per barrel (last week $ 109.75 per barrel). However bunker prices moved up by almost $ 20 pmt and closed $ 692.00 pmt (last week $ 674.50 pmt) for IFO 380 CST ex Singapore on 28th Oct 2011.
If you believe an article violates your rights or the rights of others, please contact us.
sourced coalspot
The market continued to slow down and all segment were down this week.
The biggest drop was in the Cape Index down by 8.19 pct followed by Panamax index down by 4.29 pct. The Supramax and handy size index was marginally down by about 1 pct. The BDI was down by 6.27 point and closed at 2,018 points.
“The short period rates for Panamax remained firm at around $ 14,000 per day. However no short period candidates reported on Supramax”, said Capt. Reddy, Director of Vistaar Shipping Singapore. Vistaar shipping is an experienced ship operator, operating out of Singapore.
Charter rates for Supramax delivery N. China for trips via Indonesia were reported around $ 9,000-10,000 per day. The freight rate from Indonesia to India likely to remain soft next week.
According to Vistaar Shipping of Singapore, the average charter rates was at Cape/$ 28,214 per day , Panamax/$ 15,521 per day , Supramax/$ 16,155 per day and Handy size/$ 11,254 per day.
The Supramax index in the feast (S6 route) was down by 10.30 pct and closed at $ 12,086 per day (last week $ 13,474 per day). The EC India/China (S7 route) was also down by7.92 pct and closed at $ 10,142 per day (last week $ 11,015 per day). The S6 and S& route likely to remain soft next week.
The futures for three years (2011-2013) was at around Cape/$ 16,000 per day, Panamax/$ 13,500 per day, Supramax/$ 13,500 per day , Handy size/$ 10,500 per day.
The congestion in EC Australia increased to 100 vessels this week (last week 92 vessels). The vessels waiting at main coal loading ports were at Hay point/7, DBCT/22, Gladstone/12, Abbot Point/Nil, New Castle/49, Port Kembla/9 vessels. On the WC Australia iron ore vessels waiting was at 37 vessels (last week 44 vessels).
The Brent crude oil prices was almost at same level and closed at $ 110.05 per barrel (last week $ 109.75 per barrel). However bunker prices moved up by almost $ 20 pmt and closed $ 692.00 pmt (last week $ 674.50 pmt) for IFO 380 CST ex Singapore on 28th Oct 2011.
If you believe an article violates your rights or the rights of others, please contact us.
sourced coalspot
Thursday, September 1, 2011
Chettinad coal terminal may handle 5 million tonne this year
Thursday, 01 Sep 2011
Chettinad International Coal Terminal the private terminal at the Ennore port, is targeting to handle nearly five million tonnes of coal/coke by current financial year ending March 31, 2012.
According to sources, the buoyancy in handling is in the backdrop of the expected shifting of coal from Chennai port to Ennore from October on the directions of the Madras High Court. Commencing operations in January this year, the terminal has already handled 1 million tonnes of coal. It is possible to handle another 4 to 5 million tonnes by the year end with more number of customers approaching the company to handle coal and coke.
The terminal has so far berthed and discharged 21 vessels including Panamax ships for importers from various industries such as cement, steel, power, coke and coal traders. Some of the customers who have used the terminal so far are Coal and Oil, Kyori, Adani Coal, OPG Power, India Coke, India Cements and Kalyani steel.
The list of customers is getting bigger every month. The facility enables importers to save freight cost as Panamax vessels' freight on per tonne basis is less than smaller vessels for the same origin and destination.
The facility of CICTL has been used by large scale importers; in coming months CICTL is looking forward to berth many more Panamax vessels. For instance, an importer saves USD 4 to USD 5 a tonne on freight by bringing larger vessels to Ennore port, which has a draft of 13.5 meter compared to 12 meter at Chennai port.
(Sourced from Hindu)
Chettinad International Coal Terminal the private terminal at the Ennore port, is targeting to handle nearly five million tonnes of coal/coke by current financial year ending March 31, 2012.
According to sources, the buoyancy in handling is in the backdrop of the expected shifting of coal from Chennai port to Ennore from October on the directions of the Madras High Court. Commencing operations in January this year, the terminal has already handled 1 million tonnes of coal. It is possible to handle another 4 to 5 million tonnes by the year end with more number of customers approaching the company to handle coal and coke.
The terminal has so far berthed and discharged 21 vessels including Panamax ships for importers from various industries such as cement, steel, power, coke and coal traders. Some of the customers who have used the terminal so far are Coal and Oil, Kyori, Adani Coal, OPG Power, India Coke, India Cements and Kalyani steel.
The list of customers is getting bigger every month. The facility enables importers to save freight cost as Panamax vessels' freight on per tonne basis is less than smaller vessels for the same origin and destination.
The facility of CICTL has been used by large scale importers; in coming months CICTL is looking forward to berth many more Panamax vessels. For instance, an importer saves USD 4 to USD 5 a tonne on freight by bringing larger vessels to Ennore port, which has a draft of 13.5 meter compared to 12 meter at Chennai port.
(Sourced from Hindu)
Thursday, March 31, 2011
Sinosteel and Gindalbie start Australia iron ore shipments
Thu Mar 31, 2011 3:49am GMT
SYDNEY, March 31 (Reuters) - Australia's Gindalbie Metals and Chinese metals group Sinosteel will start shipping iron ore to China on Thursday at a rate of 60,000 per month for eight months, Gindalbie said on Thursday.
Two-thirds of the ore will come from Sinosteel's Koolanooka mine, operated by an Australian subsidiary and the rest from Gindalbie's newly-developed Karara mine under an agreement reached earlier this year, a Gindalbie spokesman said.
Both mines are located in west Australia's Mid West region around 1,000 km (600 miles) south of the traditional Pilbara iron belt dominated by major producers Rio Tinto , BHP Billiton and Fortescue Metals Group , which this year are forecast to ship a combined 500 million tonnes.
High-grade Karara hematite lump ore is currently being loaded onto the Panamax vessel, M.V. "Ju Da", which is scheduled to sail for China on Thursday evening, according to Gindalbie.
Two-thirds of the ore will come from Sinosteel's Koolanooka mine, operated by an Australian subsidiary and the rest from Gindalbie's newly-developed Karara mine under an agreement reached earlier this year, a Gindalbie spokesman said.
Both mines are located in west Australia's Mid West region around 1,000 km (600 miles) south of the traditional Pilbara iron belt dominated by major producers Rio Tinto , BHP Billiton and Fortescue Metals Group , which this year are forecast to ship a combined 500 million tonnes.
High-grade Karara hematite lump ore is currently being loaded onto the Panamax vessel, M.V. "Ju Da", which is scheduled to sail for China on Thursday evening, according to Gindalbie.
Tags : iron ore shipment to China, raw material, steelmaking
Friday, March 11, 2011
All Japanese ports shut after huge quake - shippers
Fri Mar 11, 2011 8:52am GMT
SINGAPORE, March 11 (Reuters) - All Japanese ports have closed, with discharging operations halted, after the country was hit on Friday by an 8.9 magnitude quake and tsunami, shippers said.
The biggest earthquake to hit Japan in 140 years struck the northeast coast, triggering a 10-metre tsunami that swept away everything in its path, including houses, cars and farm buildings on fires.
"It's a big mess. All discharge operations are suspended in the area," said a shipbroker.
TV footage showed at least one large panamax vessel, which typically carries 80,000 tonnes of coal, iron ore and grains, grounded in northern Japan due to the tsunami, a second Tokyo-based shipbroker said.
"Most or all coal stocks will be washed out at many of the coal fired power plants," he said.
"Ports will be closed at least for a short time period until damage assessments can take place."
Shipbrokers expected freight rates to rise in the short-term as Japanese power plants restock their coal inventories and steel companies import more iron ore as part of the rebuilding process.
A tsunami warning has been extended to the whole of the Pacific basin, except for mainland United States and Canada, following the earthquake in Japan, NOAA's National Weather Service said on Friday.
The warning includes Mexico and Central and South American countries on the Pacific, NOAA's Pacific Tsunami Warning Center said. (Reporting by Randy Fabi and Luke Pachymuthu Editing by Ed Lane,Thomson Reuters)
The biggest earthquake to hit Japan in 140 years struck the northeast coast, triggering a 10-metre tsunami that swept away everything in its path, including houses, cars and farm buildings on fires.
"It's a big mess. All discharge operations are suspended in the area," said a shipbroker.
TV footage showed at least one large panamax vessel, which typically carries 80,000 tonnes of coal, iron ore and grains, grounded in northern Japan due to the tsunami, a second Tokyo-based shipbroker said.
"Most or all coal stocks will be washed out at many of the coal fired power plants," he said.
"Ports will be closed at least for a short time period until damage assessments can take place."
Shipbrokers expected freight rates to rise in the short-term as Japanese power plants restock their coal inventories and steel companies import more iron ore as part of the rebuilding process.
A tsunami warning has been extended to the whole of the Pacific basin, except for mainland United States and Canada, following the earthquake in Japan, NOAA's National Weather Service said on Friday.
The warning includes Mexico and Central and South American countries on the Pacific, NOAA's Pacific Tsunami Warning Center said. (Reporting by Randy Fabi and Luke Pachymuthu Editing by Ed Lane,Thomson Reuters)
Subscribe to:
Posts (Atom)
Posts
