We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 15 January 13
2ND MYANMAR MINING SUMMIT & OFFICIAL HOST MINISTRY OF MINES TO WELCOME OVER 200 DELEGATES NEXT WEEK
Press Release: The Ministry of Mines is hosting the 2nd Myanmar Mining Summit in Yangon on 21-24 January to unravel the local mining climate, prospe ...
Monday, 14 January 13
NEWCASTLE PORT SHIPPED 2.32 PERCENT LESS COAL W/E 14 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 3,123,312 MT of thermal and coking coal for week ended 0700 hours 14 January 2013, Newca ...
Monday, 14 January 13
THE COAL MONGOLIA - 2013 OFFICIALLY IN COOPERATION WITH TOP MINING COMPANIES
Press Release: Mongolian first mining portal site Mining.mn has already started its preparation of the International Conference “COAL MONGOLIA ...
Monday, 14 January 13
NTPC INVITES BIDS FOR 500K MT OF IMPORTED COAL
COALspot.com - NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company called for a ...
Sunday, 13 January 13
THE FREIGHT MARKET: FAIRLY STEADY - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices up with maximum gain in the Panamax segment. The BDI was up by 7.65 pct clo ...
|
|
|
Showing 4421 to 4425 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- PTC India Limited - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- The University of Queensland
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Parliament of New Zealand
|
| |
| |
|