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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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Tuesday, 15 October 13
CHINA COAL IMPORTS TO KEEP GROWING IN THE YEARS TO COME, ALBEIT AT A SLOWER RATE - EVA TZIMA / NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest monthly report, shipbroker Intermodal highlighted the growing role of coal in the energy mix. According to Intermodal's research anal ...
Tuesday, 15 October 13
NEWCASTLE PORT SHIPPED 6.50% MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 6.50 per cent week on week to 3.19 million mt for ...
Monday, 14 October 13
MEMR OF INDONESIA SETS THE COAL'S SPOT PRICE AT US$ 76.61 FOR OCT'13 DELIVERY
COALspot. com - The Indonesian government has revised down government declared coal bench mark price by US$ 0.28/ MT to US$ 76.61 for October 2013 d ...
Monday, 14 October 13
CARBON POLICIES UNLIKELY TO PREVENT A COAL-FUELLED WORLD - WOOD MACKENZIE
China will propel coal growth but US, Europe and Asia will sustain global demand.
At the World Energy Congress (WEC) today Wood Mackenzie's Pres ...
Sunday, 13 October 13
Q4'13 DELIVERY SUB-BIT INDO COAL SWAP FALLS SEVEN STRAIGHT WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 1.72 percept month on month on Friday 11 October 201 ...
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Showing 4066 to 4070 news of total 6871 |
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- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- PTC India Limited - India
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
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