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Thursday, 05 September 13
DRY BULK MARKET ON A HIGH ROLL, MAINLY THANKS TO CAPESIZE APPETITE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize owners have been rejoycing on the back of renewed optimism for the further rise in the dry bulk market's freight rates, especially when one takes a look in the improved market prospects predicted for 2014. According to a recent report from shipbroker Intermodal, the BDI (Baltic Dry Index) has moved to levels considerably stronger than the beginning of the year lows of 698 points and currently stands to new year heighs of 1,215 points ( after peaking at 1,179 points on July 1st), mainly boosted by strengthened Capesize rates, which have increased 3-fold since the beginning of 2013. Gains in smaller sectors have been more modest, all segments though currently earn above their respective daily OPEX.
According to Intermodal's SnP broker, Mr. George Bassakos, "Cape rates have been mainly driven by renewed iron ore activity to China, whilst strikes in Colombia and port congestions, pushed spot rates in levels last seen in November 2012. It is interesting that this latest surge came earlier this year, in the traditional summer lull, and not during the always more active Q4", he noted.
The shipbroker's analyst also noted that "FFAs are pointing to a sustained growth during Q4, with Capes currently climbing close to $ 22,000/day, Panamaxes at below $ 10,000/day, Supras at excess of $ 10,000/day and smaller Handies at around $ 8,000/day. The next calendar year does not currently signal an impressive recovery, even though many analysts forecasted a more steep market improvement than the one painted by Baltic figures. Panamaxes have replicated last year's performance up to this point, while Supras and Handies have been better performers, compared to their bigger counterpart, proving their flexibility to adjust to volatile market conditions in the seaborne world trade", Bassakos said in his overview of the dry bulk market.
Meanwhile, "SnP wise, it has been an interesting year thus far, with Greeks having a strong presence in both the second hand and the new building market. Japanese owned second-hand tonnage has proven particularly attractive for Greek buyers, who appear to be willing to pay a premium on the “last done”, even though rates have not been supportive of such a buying rush at this stage yet... New building activity has already surpassed last year's levels in most segments - mainly driven by owners' appetite for eco ships, but also by lower quoted prices, which have only recently started moving north again. Scrapping on the other hand has underperformed massively", he pointed out.
So, the big question is what lies ahead for dry bulk market ship owners? According to Bassakos, "in Hellas, we tend to change our educational system so often that students sometimes are not familiar with the new academic year's syllabus. Are we in face with a similar situation here? Well, the sentiment is more positive as of late and it seems that we won’t be moving in uncharted waters this time. It remains to see if the good captain will lead us to a safer port, i.e. improved/healthy market activity, or back to Scylla and Charybdis, i.e. uncertainties surrounding the global economy, China's slowing growth, capital exit from emerging markets, anemic growth in Europe, tonnage overcapacity etc. etc.", the analyst concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Thursday, 07 November 13
THE ENERGY INDUSTRY'S RISING WATER CHALLENGE - WOOD MACKENZIE
Water poses a variety of business risks for the energy industry, and could play an influential role in shaping the future energy supply mix, accordi ...
Thursday, 07 November 13
HANDY : INDO/CHINA ROUNDS ARE SEEING BIDS AT AROUND $16K
Handy
In the Atlantic we have seen more activity this week with several fixtures being concluded at firm rates. USG/Feast been reported at 30k and ...
Wednesday, 06 November 13
THE BIGGER SIZE SEGMENTS LOST GROUND WHILE SUPRAS AND HANDIES HELD ON TO THEIR GAINS - INTERMODAL
Chartering (Wet: Stable+ / Dry: Stable- )
A mirror image of the week prior for the Dry Bulk market, as once more the bigger size segments los ...
Wednesday, 06 November 13
WILL NEW ORDERS DRIVE THE MARKET DOWN AGAIN ONCE DELIVERIES COMMENCE
"While there are many concerns on whether the new orders will drive the market down again once deliveries commence, the second half of 2013 has ...
Tuesday, 05 November 13
AUSTRALIA'S NEWCASTLE PORT SEES DROP IN COAL EXPORTS W-W
COALspot.com: In the week ended November 4, Power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.77 m ...
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- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
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