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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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- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- The University of Queensland
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
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