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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, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement r ...
Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country has achieved a record coal production during 4Q12 of 13.31 mil ...
Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR
COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week.
The BDI was down 6.01 pct closing at 750 po ...
Friday, 01 February 13
ORPHEUS SELLS B26 COAL PROJECTS FOR US$ 2 MILLION TO FOCUS ON SOUTH KALIMANTAN
COALspot.com - Orpheus Energy Limited (ASX: OEG) has announced that it has sold its 51 percent equity stake in the East Kalimantan coal projects, Bl ...
Friday, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast ...
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Showing 4396 to 4400 news of total 6871 |
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- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Parliament of New Zealand
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Australian Coal Association
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Tamil Nadu electricity Board
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