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Thursday, 27 December 12
A LOOK AT WORLD TRADE PATTERNS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
While China's leaders are likely to stick with the 2012 economic growth rate of 7.5% when they chart a course for 2013 - its weakest pace since 1999 - with Europe still in recession and U.S' demand sluggish, world trade faces considerable headwinds for 2013. According to Intermodal's Tasos Papadopoulos, "Southeast Asia has lately become an engine of global economic growth; since the Asian crisis of the mid 90’s the region "has been in the gym and working hard" and is showing much more resilience now".
The shipbroker's analyst noted that 'countries such as Thailand, Indonesia, Malaysia, Vietnam, the Philippines, and Myanmar have come out of a prolonged economic slump and are now forecast for a sustained economic growth amid increasing number of middle-income earners. The Philippines, for example, which once earned the nickname the "sick man of Asia", announced earlier this month that its GDP rose by 7.1% in the July-September period which is pretty close to China's growth levels! In other words, the Chinese economy is slowing down, while SE Asian growth is still picking up.
Investors are shifting their money towards Southeast Asian markets where strong consumer spending is expected to boost domestic demand while the region’s deca-millionairs (those earning $10 million or more) already outnumber those in Europe and are expected to exceed those in the United States within the next decade. Over the past three months, stocks in the Philippines rose 8% and in Indonesia climbed 6%. According to Dai-chi Life Research Institute Inc., $1.5-2bn was invested in the stock exchanges of Indonesia, Thailand and the Philippines between late 2011 and October this year. Indonesia, which has a population of 240m - 4th most populated country in the world - offers the biggest domestic market in SE Asia and an increasing predictions that she will be ranked as the 4th largest economy by 2050" he said.
Papadopoulos added that "at this point, it is worth noting that Indonesians’ have been very active in the SnP market in 2012 acquiring modern tonnage, with notable mention going towards the ex “Nanos” (50,296dwt-blt 02) at low $ 14m, ex “Energy Angel” (77,697dwt-blt 98) at $ 12,6m or more recently the reported sale of “Pegasus Island” (77,830dwt-blt 02) at low $ 12m" he said.
According to the report, "China and Japan are also eyeing S. Eastern markets as a destination for their products and expect the region to develop further in the future. Chinese steelmakers, Baosteel Group Corp and Wuhan Iron and Steel (Group) Corp have separately invested into building steel plants in South China, while planning to export a total of 10m tons per year of steel products to the SE Asian region. JFE Steel Corp of Japan, together with Taiwanese company E-United Group, is also examining a plan to build a 3.5m ton integrated steel works in Vietnam. Formosa Plastics Group, Taiwan's top petrochemical company, is investing about $10bn to construct its first steel plant for domestic and overseas supply. The project includes the development of a deep water port able to accommodate a 300k dwt dry bulker".
Intermodal's report concluded by nothing that "we have to consider that the business environment in all these countries is of high risk. Political stability is not guaranteed and past experience should become a lesson; in Thailand, after the royal succession takes place, there is a high risk that social stability may not to be ensured, in Myanmar, the transition towards democracy - after almost 50 years of military rule - is not an easy task at all while in Indonesia a bureaucrat who spearheaded the export restrictions on natural resources might be the winner of the 2014 presidential elections...With all this in mind one might wonder what the future may have in stall".
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 03 January 13
DRY BULK DEMAND TO KEEP RISING IN 2013, DRY BULK SHIP PRICES TO KEEP FALLING SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In a recent report on the future of the shipping markets, DVB bank said that dry bulk demand is expected to keep on growing in the coming years, mai ...
Wednesday, 02 January 13
NEWCASTLE PORT SHIPPED 23.61 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,533,183 MT of thermal and coking coal for week ended 0700 hours 31 December 2012, Newc ...
Wednesday, 02 January 13
DRY BULK MARKET TO STAY ELEVATED IN START OF 2013 BUT THE NEW YEAR WILL NOT BE WITHOUT TURBULENCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six ...
Monday, 31 December 12
KOSEP IS LOOKING FOR 280K MT OF 4600 NCV COAL FOR APRIL - JUNE 2013
COALspot.com : South Korean state-owned utility Korea South-East Power Co., Ltd. (KOSEP), has issued an new tender for prompt supply of 280,00 ...
Monday, 31 December 12
VALE CELEBRATES ARRIVAL OF "VALE SOHAR" BULK CARRIER TO SULTANATE WITH MEMBERS OF COMMUNITY
'Vale Sohar', one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Shei ...
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- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
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