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Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a result, the industry's benchmark, the Baltic Dry Index rose again yesterday by 14 points, to reach 834, with all major ship types gaining on the day. Still, according to market analysts and shipbrokers, this current trend isn't set to continue at least for the next few months. According to them, it's only a matter of time before oversupply catches up and plagues freight rates once more. According to market-outlook comments by Clarkson Plc., issued yesterday, "the dry bulk market will continue to struggle with the impact of oversupply. However, planned increasing in cargo volumes and continued growth in demand is fundamental to our long-term belief in this sector.”
In its latest weekly report, shipbroker Fearnleys commented on the Capesize market that "this week saw the market continue to gradually slide, with the continuing strike in Columbia, and low volumes out of Brazil keeping tonne mile demand and therefore rates depressed. However, at the time of writing, bid/offer for Tubarao/China is at a slightly healthier 17.50/17.75. West Australia resumed operations after the cyclone, and the prevailing rate this week has been around USD 7.20. This week saw a significant period deal concluded, with a ship with good ´eco´ consumptions fixed for 21-27 months at a firmer USD 13500 per day, arguably setting a benchmark for the market which will be interesting follow in the coming months" it said.
Meanwhile, "the Panamax market continued its positive trend from last week with firming rates in both hemispheres. The main driver is the ECSA grain season which attract most owners willing trip east. Good rates are being achived and a Fhaul with Cont delivery is being fixed in region of USD 17-18k depending on specs. More coal cargoes from USEC are being quoted in the market and TArv´s are being paid in region of USD 9k or closer to 10k for the shorter runs not involving breach of INL. In the Pacific we are also facing a rate increase with more cargoes in the market in addition to the competing grain market attracting ows. We see Pac rounds now being fixed at ard USD 10k. The period market has also seen an increase in activity with both shorter and longer period being concluded" Fearnleys noted.
In a separate report earlier in the week, Bank of America Merrill Lynch said that freight rates for dry bulk carriers will show a "meaningful increase" by 2015, as demand for seaborne commodities expands amid slowing fleet growth. According to the report, "we see a major shift in the sector next year, as demand growth once again outpaces fleet capacity additions and the oversupply in the market starts to shrink. Yet, due to the magnitude of excess supply over demand, we believe a sustained recovery in bulk freight prices will take longer to materialize,” said BoFAML.
Similarly, DVB Bank noted that ship rates will remain under pressure, as a result of a huge oversupply of vessels, expected to peak this year. The vessel glut is so substantial that even a 39% rise in iron ore cargoes over the next three years, will fail to curb it. According to DVB, annual shipments of iron ore will rise to 1.5 billion metric tons in 2015 from last year’s 1.08 billion tons. Coal cargoes will increase 17 percent over the same period to 1.3 billion tons, the report showed.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject t ...
Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded subst ...
Tuesday, 12 March 13
COAL MINING PRIVATIZATION IN INDIA: MUST - SUNIL K KUMBHAT
COALspot.com - India has the one of the richest coal reserves in the world and the country should have shown significant progress and gained the pos ...
Tuesday, 12 March 13
NEWCASTLE PORT SHIPPED 2.47 MILLION TONS OF COAL W/E 11 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,471,080 MT of thermal and coking coal for week ended 0700 hours 11 March 2013, Newcast ...
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- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- White Energy Company Limited
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
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