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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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Wednesday, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS
By Tasos Papadopoulos, SnP Broker, Intermodal
The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with t ...
Tuesday, 01 October 13
DRY BULK MARKET POISED FOR RETREAT ON CHINA HOLIDAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The start of a national weeklong in China as of Tuesday is expected to put a lid in the latest rally of the dry bulk freight market, as has always b ...
Monday, 30 September 13
NEWCASTLE'S COAL EXPORT VOLUME CONTINUES TO SLIP
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 8.38 per cent week on week to 2.67 million mt fo ...
Monday, 30 September 13
PANAMAX CHARTER RATES TOUCHING US$ 18K FOR A TRIP TO NOPAC - CAPT. REDDY
COALspot.com : The freight market continued to remain firm, BDI and the Panamax index up week ended 27 September 2013.
The cape index was fell to ...
Sunday, 29 September 13
API 8 CFR SOUTH CHINA COAL Q3 2014 DELIVERY SWAP GAINED $1.19 M-O-M
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
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- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
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