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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, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
Tuesday, 26 February 13
10TH CLEAN COAL FORUM WILL BE HELD ON JUNE 2013
CDMC Events will be presenting the 10th Clean Coal Forum 2013 on June 13 - 14, 2013 in Beijing,China.
It will make you understand regulatory asp ...
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- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Australian Coal Association
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
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