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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, 07 February 13
CHINA NDRC APPROVED 10 BILLION YUAN POWER GENERATION PROJECTS
NDRC of China currently announced that some of power grid and power station in Jiangxu, Sichuan and Anhui Province would be newly constructed or ext ...
Thursday, 07 February 13
CAPESIZE : MORE ACTIVE WEEK IN THE PACIFIC - FEARNLEYS AS
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 18k and Black Sea to Feast ...
Thursday, 07 February 13
WEAK STEEL MARKET MEANS IRON ORE RALLY LIKELY TO END SOON - FITCH
The sharp rebound in iron ore prices over the last couple of months will hurt margins at non-integrated steel producers in the first quarter of 2013 ...
Tuesday, 05 February 13
THE SHIPPING SECTOR IS " NAVIGATING IN STORMY WATERS" - PWC
The vulnerabilities of the global economy have been exposed and have more than played their part in making 2011 one of the worst years of shipping i ...
Tuesday, 05 February 13
NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 10.77 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,412,497 MT of thermal and coking coal for week ended 0700 hours 4 February 2013, Newca ...
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Showing 4391 to 4395 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- White Energy Company Limited
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Parliament of New Zealand
- CNBM International Corporation - China
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
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