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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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Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
Friday, 15 February 13
2ND ANNUAL INDONESIA MINING 2013 CONFERENCE
Bringing Indonesia's Mining Stakeholders Together Towards Improving Mining Investment Climate & Operations
Following the success of th ...
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- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- PTC India Limited - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
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