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Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement from the Chinese market, as the country's economy has entered a controlled slowdown. The major issue though seems to be the current state of the Chinese steel industry, which has been for years, perhaps the biggest contributor to the dry bulk market's fortunes, as it remains not only the biggest worldwide, but also the single most important buyer of iron ore, the mineral which is transported through dry bulk vessels.
According to the latest weekly report from Intermodal, China has been sending out mixed signals. The shipbroker noted that Chinese steel producers will suffer even bigger losses” following a 1.9bn yuan ($299mil) loss last month due to falling prices according to recent statements of a senior official on the China Iron and Steel Association (CISA). Shanghai steel rebar futures hit a record low of 3,327RMB per ton, reflecting weakening demand from China by 24% in August alone. This brings the metal's price decline y-o-y to 36%, while expectations maintain their negative outlook. According to numerous reports, iron ore stocks are piling up all across Chinese ports as Chinese steel mills remain cautious and refuse to raise inventories during such turbulent times. This situation has further suppressed iron ore prices and confirmed the voiced concerns over the growth appetite of Chinese demand.
Intermodal's George Dermatis said that "Zhang Ping, minister in charge of the National Development and Reform Commission, recently said that the government will continue an active financial policy and prudent monetary policy for the rest of the year. Speculative demand and investment demand have been effectively suppressed due to government control policies –primarily targeted- on the real estate market. Chinese imports fell in August (2.6% y-o-y) while exports grew less (just 2.7%) than expected in the latest sign of weakness in the world’s second-largest economy. Weakening trade figures are a major and growing concern for China, where export-oriented industries employ an estimated 200m people and the economy is already expected to expand at its slowest rate in 13 years. The reasons for the slowdown whilst heavily justified by the financial crisis on a worldwide scale and the need for deflationary pressures on the Chinese internal economy are widely questioned by business circles. He added that " last Friday, China stocks posted the biggest single-day rally in almost eight months and recovered last month's losses in just one day after the country's top economic planner unveiled trillion-yuan stimulus plans to buoy the slowing economy. Whilst smaller than the 2008 580bn spending plan, rumours of money printing ahead (maybe false) and Draghi’s comments on ECB’s pivotal role in bond purchases have rocketed market confidence upwards. Machinery manufacturers and cement makers were the biggest beneficiaries of the government's stimulus plans targeted at railroads and highways, rising by the 10-percent daily limit. Metal and coal producers, steel companies and ship builders strengthened substantially as well. Most analysts believe Beijing must do more to stop the economic slide which may see the economy grow less than the 7.5% annual target set by the government at the start of the year. But can China beat expectations once again? Almost a month before elections, people and corporate entities are looking towards government policies to come to the rescue of their ailing industries/businesses".
According to Mr. Dermatis, China is able to beat expectations, based on its past positive track record. “Based on the efficiency of government policies which admittedly are the backbone of this "controlled" economy, we think that it is highly unlikely to miss targets despite indications to the contrary. We expect the government to take even more decisive steps in the months to come to put an end to mixed signals and give its people a clear direction for the years to come – especially after a new Premier and Chairman are in place. Hopefully this shift in political willpower will signal a –much needed- reaction to commodity and energy trades that could propel the shipping market out of its current trough. Fingers crossed” he concluded.
Source:Nikos Roussanoglou, Hellenic Shipping
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Sunday, 23 September 12
AN ANOTHER UNSTABLE WEEK FOR INDONESIAN COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.10 percent and 0.916 percent WOW and DOD respectively ...
Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 26,451,565* tons of coal in August 2012, compared to 27.88* mill ...
Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...
Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...
Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy
Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...
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- Australian Coal Association
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Commonwealth Bank - Australia
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