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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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Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’ ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
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- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Parliament of New Zealand
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
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