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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. For example, news from the demolition market, which so far proved a rather helpful resource for both earning ship owners some cash and at the same time helping offset the tonnage oversupply problem, is in a bit of a precarious position. Indian scarpyards find it hard to acquire more vessels, as the Indian rupee seems to be struggling to hold its ground, since it reach 68 per dollar, thus leaving no window of opportunity for further purchases of any demo tonnage.
Updating on this week's latest data, shipbroker Intermodal added that " the Indian Rupee has recovered a bit against the US Dollar but it is undoubtedly too early to talk about a definite reversal yet and even earlier for the news of the local currency stabilizing to feed through the demolition market and get demo buyers back to action. The Indian Sub-Continent has remained in the sidelines for yet another week while China has resumed its decisive effort to gain further market share. It is indicative that not only the majority of freshly reported deals were concluded in the far East but also that the bids offered by Chinese breaking yards have strengthened further in an otherwise falling market. The price gap between China and the rest of the market is practically non-existent as far as dry candidates are concerned, while in some cases offers have even surpassed Indian Sub-Continent levels by more than 20$/ldt. Prices this week for wet tonnage were at around 365-390$/ldt and dry units received about 355-360$/ldt", it said.
Meanwhile, according to a recent report from the shipbroker, " the Bangladesh market is still there to do some quick deals, but the price it can pay up is very low compared to what we were seeing two months ago. The big surprise has now come from the Chinese demo market as there have been rumors that a Panamax BC built in 1989 achieved a price close to US$ 370/ldt, without even much bunkers on board. However, it is our understanding that this was an exception to the rule, as the vessel reported was in very good condition and scrap yards in China were “hungry” for such tonnage since they had seen little activity lately", Intermodal's Christos Trages, SnP broker stated.
He added that "the Chinese second hand market was also very quiet this year as the poor freight market had driven many investors to turn their focus on other industries that had to offer quicker returns and less risk. The new government has focused on increasing investments for infrastructure in order to assist the country’s economy but it has also set 7% as the minimum growth rate, which is one per cent below the 8% the previous government was trying to achieve. On the other hand all the above seems to have limited impact on Western buyers, especially for ships built in the mid 90’s and up to mid-2000, which have seen keen interest from elsewhere. Some good examples are to be found in the case of the “Danann Island” (75,637 dwt / 2006 blt Sanoyas) rumored to be committed to a Greek family for a price on the high 18mil, the “Belgrano” (76,759 dwt / 2004 blt Sasebo), which reached almost ten Buyers/Inspections, and also in another three Korean owned Panamax bulkers, built in the early 2000, which had about 18 different Buyers already registering their interest. Again here, we had the exception of the Kamsarmax “Ocean Lord” (82,977 dwt / 2005 blt Tsuneishi), which we understand hasn’t attracted much interest and managed only 4 inspections" Trageas said.
He concluded his analysis by taking a peek at the ongoing Syrian crisis. He said that "September has also brought the possibility of a mini military intervention into Syria, which caused oil prices to spike and if the U.S. follows through on its plan, we expect the rest of the energy commodities to follow suit. China is not yet in a position to play a significant role in the Middle East area (however its military progress is huge and well known, having her first aircraft carrier in commission for almost a year now). The country has remained in the sidelines for now, even though it stakes to lose a lot, as the biggest percent of her oil imports are sourced from Middle East. Hopefully all this will end quickly and smoothly with limited negative repercussions to both the people of Syria and the market", he concluded in his report.
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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- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Planning Commission, India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
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