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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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Monday, 12 August 13
GBCE SUCCESSFUL IN UPGRADING LOW RANK INDONESIAN COAL ON INDUSTRIAL SCALE
COALspot.com : GB Clean Energy Ltd. (GBCE) has annoused that, the company has successfully upgraded 2,426 tonnes of low rank 4,018 kcal NAR Ind ...
Monday, 12 August 13
INDIA - SAFE SHIPMENT OF IRON ORE FINES FROM INDIAN PORTS - WEST OF ENGLAND P&I CLUB
As Members may be aware, in 2009 two ships, the ‘Asian Forest’ and the ‘Black Rose’, capsized and sank following the liquefa ...
Sunday, 11 August 13
INDONESIAN COAL SWAPS : FLAT ON DAY
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery flat on day due to holidays in Indonesia, Malaysia & ...
Sunday, 11 August 13
SUPRAMAX FREIGHT RATES FROM INDONESIA TO INDIA CONTINUED TO BE SOFT - VISTAAR
COALspot.com : The freight market was soft this week with all indices down , the reason could be long weekend holidays in Indonesia, Singapore and M ...
Saturday, 10 August 13
MOODY'S: OUTLOOK FOR US COAL INDUSTRY CHANGES TO STABLE FROM NEGATIVE
Moody's Investors Service has changed its outlook for the US coal industry to stable from negative, the rating agency says in a new report, "U ...
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- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
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