We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 19 April 13
FIRST QUARTER OF 2013 PROVEN A POSITIVE SURPRISE FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite ominous predictions regarding the negative performance of the dry bulk market during the – traditionally weak anyway – first quarter of the year, it seems that the market dodged a bullet and escaped unscathed from the tonnage oversupply concerns. According to the latest weekly report from shipbroker Intermodal, the first quarter proved to be a positive one for most of the mid-to-small sizes, like Panamaxes, Supras and Handies. Time-charter equivalent earnings have brought some relief as earnings improved and moved to a positive territory beyond the point of covering their operating expenses.
According to Intermodal's S&P shipbroker Yannis Olziersky, "the strong demand for tonnage is driven mainly by the South American grain season, which pushed Panamax rates to an unexpectedly significant improvement. In the Pacific, Panamaxes also found support due to the increased demand for Indonesian exports such as iron ore, bauxite, nickel ore and coal. As a result the BPI during March averaged at around 1,147 points, with rates for a front haul voyage rising up to US$ 18,000/day and round voyages in the Far East edging up to US$ 10,000/day.
Smaller segments like Supras and Handies gained higher returns due to the grain season and their indices where raised by 30% and 20% respectively. On the other hand, weak demand persisted in the Cape size market, which failed to sustain gains. Disruptions in mineral cargo supply like iron ore and coal combined with the massive supply of vessels have driven the Cape size average T/C earnings to sink below US$ 5,000/day, which is the lowest level since Q3 2012", Olziersky said.
He added that "the upward trend in freight rates during Q1 2013 has also affected asset values. Second hand prices have been inched up in all segments (including Capers despite their downward trend in freight). Additionally, activity on the second hand market has also picked up significantly. A comparison between the dry bulk units sold back in Q1 2012 and those reported sold in Q1 2013, points towards an increase in activity by as much as 40pct.
The million dollar question is whether we have seen the bottom on asset values or not. Quite hard and risky to say, however certain things show that present values are attractive enough and, in the mind of some owners, prices have indeed touched the ground. Some facts which may support this perspective are:
Prices in all segments and especially for quality modern tonnage have shown a noticeable upward correction since February/January.
- Major players whom are traditional shipowners are buying vessels and appear to have appetite for more.
- A significant number of Buyers are inspecting quality tonnage that enters the market. In some occasions we hear more than 20 parties inspecting and chasing the same vessel!
- Orderbook to fleet ratio has been reduced significantly and today stands at 16% compared to last year which was at around 26%.
- Fleet removals are still going at a satisfactory pace. Upheld firm demo prices are assisting owners in making the difficult decision to scrap their older units", the shipbroker stated in the report.
He went on to conclude his argument by raising the questions of "Are we moving towards the right direction? and "Is this the right time for investments?. Two questions which time can only answer but by which time it may well be too late to get on board. Given the present facts and market trends though, we feel we may be witnessing a glimpse of hope and a glimmer at the end of the tunnel", he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping news
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 18 April 13
HANDY: STABLE ; PANAMAX: BUSY WEEK - FEARNRESEARCH
Handy
The Atlantic markets remain stable in this week. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market is bit f ...
Thursday, 18 April 13
FEATURE: PREDICTING THE FUTURE - AND THE PAST - BIMCO
It’s not predicting the future that is problematical, it’s the realisation that you have to relive the past again and again when you fai ...
Wednesday, 17 April 13
INDONESIA SHIPPED 80 MILLION TONS OF COAL IN FIRST QUARTER - COAL DIRECTOR
COALspot.com - Indonesia has exported around 80 million tons of coal including power plant coal in first three months of this year.
Speaking on t ...
Tuesday, 16 April 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS JUMPED 20.87 PER CENT ON WEEK TO 3.07 MMT
COALspot.com - Newcastle port in Australia has loaded 3,077,431 tons of thermal and coking coal for week ended 0700 hours 15 April 2013, Newca ...
Monday, 15 April 13
SUB - BIT INDONESIA COAL SWAP SHOWS POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.70 percent and CFR South China coal shipment&nbs ...
|
|
|
Showing 4311 to 4315 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
|
| |
| |
|
