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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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Thursday, 24 January 13
DRY BULK MARKET FALLS ON TROPICAL CYCLONE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on the downside during the past couple of days, mainly as a result of the tropical storm which forced ports to close do ...
Tuesday, 22 January 13
PORT OF ANTWERP HANDLES 7.0 PERCENT MORE COAL IN 2012 Y-Y
COALspot.com - The port of Antwerp handled 184,134,516 tonnes of freight last year.
This represents a drop of 1.6% compared with 2011, when the v ...
Monday, 21 January 13
NEWCASTLE PORT SHIPPED 10.21 PERCENT LESS COAL W/E 21 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,804,152 MT of thermal and coking coal for week ended 0700 hours 21 January 2013, Newca ...
Monday, 21 January 13
PANAMAX DRY BULK CARRIERS AND AFRAMAX TANKERS PROVED TO BE THE "WEAPON OF CHOICE" FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship financing getting ever so difficult to procure during the past year or so, ship owners had to get creative in order to persuade banks and ...
Sunday, 20 January 13
Q1 & Q4 SUB-BIT FOB INDONESIA COAL SWAPS: FIRM
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) and CFR South China coal shipment for average Q1’ 2013 delivery have gained 0.81percent and ...
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- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Parliament of New Zealand
- MS Steel International - UAE
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
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