We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
Thursday, 12 September 13
PANAMAX : PACIFIC ROUNDS ARE NOW REPORTED BETWEEN USD 13K AND 15K PER DAY - FEARNRESEARCH
Handy
Nickel ore is a key support SE Asia/Feast rate at the moment; vessel in N.China were fixed around USD 11-12k, ships in mid China can expect a ...
Thursday, 12 September 13
CAPESIZE MARKET WILL BECOME EVEN TIGHTER - JEFFREY LANDSBERG
COALspot.com : While it is no secret that current capesize availability has become tight and has caused capesize rates to surge, availability is set ...
Thursday, 12 September 13
OVER THE WORST? WE MIGHT FIND OUT THIS WEEK - BIMCO
The shipping market has a spring in its step, even as summer draws to a close. There is it seems, confidence that finally, we are emerging into the ...
Thursday, 12 September 13
DRY BULK MARKET RALLY COMES AT A GOOD TIME FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest surge of the dry bulk market has helped offset other lingering factors, which otherwise, could have plunged freight rates to new lows. Fo ...
|
|
|
Showing 4126 to 4130 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- The University of Queensland
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
|
| |
| |
|
