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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, 17 October 13
CHINA'S COAL IMPORTS DOWN 9.4% TO 25.96 MMT IN AUGUST
COALspot.com: China's August Imported coal volumes down 9.4% m-m but up 27% y-y, BNP said in its latest China Coal & Power report released on 1 ...
Wednesday, 16 October 13
NEW STRATEGIES AND OPPORTUNITIES IN A RAPIDLY EVOLVING COAL INDUSTRY
The 12th Annual Coal Markets assumes even more significance as the industry seeks more market information, inputs on trade strategies, supply and de ...
Wednesday, 16 October 13
CAPES: RATES DROPPED; PANAMAX: ADVANCED - INTERMODAL
After a month and a half of straight weekly positive closings, the BDI has finished the week in the red. Monday started slow as holidays in the East ...
Wednesday, 16 October 13
WILL THIS LATEST DRY BULK MARKET UPTREND PROVE TO BE AS LONG-LIVED OR JUST ANOTHER MOMENTARY SPIKE? - CHRISTOS MANZTIOS
COALspot.com: So here we are again facing the same old question: Will this latest market uptrend prove to be as long-lived as all owners hope or jus ...
Wednesday, 16 October 13
KOSEP TO IMPORT 0.49 MILLION TONS OF 4600 NAR COAL FOR JAN - FEB '14
COALspot.com - Korea South-East Power Co., a Korean generator and distributor of electricity on behalf of five Korean Gencos intends to procure 490, ...
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- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Planning Commission, India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
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