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Sunday, 10 February 13
DRY BULK OVERSUPPLY OF TONNAGE SEEN WANING IN THE COMING MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It seems that the tide could be shifting in the dry bulk market, in terms of tonnage oversupply, according to the latest data figures. This could explain why some ship owners appear to be positioning themselves in the market, either with direct second hand tonnage purchasing or through new building orders. According to the latest report from shipbroker Intermodal, "on the dry side we are quite close to a more rational orderbook compared to the trading fleet. However, since the trading fleet has grown quite substantially over the past years, we believe 2013 will be another challenging year albeit, a good opportunity to make investments in shipping as prices have become quite attractive" it said.
Intermodal's analyst, Theodore Ntalakos noted that "the dry bulk orderbook today stands just over 1,500 vessels. Although close to 1,000 ships were delivered from shipyards in 2012 the final net growth of the dry fleet was “only” by 580 vessels. This represents a 7% increase of the fleet or 10% in terms of deadweight. Obviously the seaborne trade did not grow at the same pace. We expect the panamax/kamsarmax size to continue to be squeezed the most, since the largest percentage of the orderbook is scheduled to be delivered in 2013 bringing further good buying opportunities. On the supramax segment, the majority of vessels have been delivered, so we believe that the rates and prices are close to the bottom, hence their prices are more resilient than panamaxes", he concluded.
Meanwhile, "in the wet sector, the orderbook profile is much better. However, given that’s 2012 was yet another year of poor performance, it seems that we are still digesting the previously delivered tonnage. Obviously we are in much better position and may be closer to better days and hire rates, but with a much younger fleet. Purely from a supply side, we expect the suezmax sector to have the worst performance in 2013. However, if recovery in the wet sector comes before the awaited reduction in shipbuilding capacity and we see another spree of new orders, then the wet sector may double dip and then demolition will knock on the door of very young vessels" said the report.
Ntalakos concluded his analysis by noting that "for this broker the biggest dilemma is which sector one should chose for his investment. From which sector, size, age one should expect the better performance and healthier returns? Will try to address this in one of the next insights. Meanwhile, Gong Xi Fa Cai to all our Chinese friends and let’s see what the year of the Snake will bring us"?
Meanwhile, in the dry bulk market this week, according to shipbroker Fearnley's, "while the Panamax market is preparing for Chinese holidays next week it seems that many Chinese have already left the office for holidays. The Atlantic is weak with an oversupply of tonnage and little activity and we see voyage rates for transatlantic coal shipments are falling. TA rounds pay around USD 6-7k/day. The fronthaul market in ECSA has been more active this week, with many charterers aiming to cover positions before the holidays next week. But the list of ships ballasting towards ECSA is long as well. So the activity has not been able to make a positive impact on the rates. Going rate depends on the vessels eco speed performance, but the level is around 14k+400K del aps or around USD 7k if you take delivery in Singapore. The period market has been slow as well. Though we have seen a couple of short periods done in the Far East at around USD 7-7.5k daily" the shipbroker's report mentioned.
In the Capesize segment, it noted that "it´s been a more active week in the Pacific, with a good number of fixtures and rates for West Australia/China presently around USD 7.40. Saldanha/China is USD 13 and fronthaul is improving with rumours USD 18.50 been fixed for Tubarao/Qingdao, an improvement from last done at USD 17.80 earlier this week. The period activity is steady in terms of number of fixtures as well as a predictable level" Fearnley's concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
Monday, 11 February 13
NEWCASTLE PORT SHIPPED 23.01 PERCENT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,967,761 MT of thermal and coking coal for week ended 0700 hours 11 February 2013, Newc ...
Sunday, 10 February 13
INDONESIA SUB-BIT SWAPS: "UP" - CFR SOUTH CHINA SWAPS: "DOWN"
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.72 percent W-O-W and CFR South China coal shipme ...
Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY
COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.
The BDI was slightly down by 0.27 pct ad ...
Friday, 08 February 13
NORTH P&I CLUB WARNS OF LIQUEFACTION RISK FOR BAUXITE CARGOES
The ‘A’ rated 170 million GT North P&I club has warned shipowners carrying bauxite aluminium ore cargoes that they have the potentia ...
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- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
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