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Saturday, 05 October 13
CAPESIZE EARNINGS SKYROCKET AS A RESULT OF INCREASED CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
An increased iron ore demand has triggered this latest dry bulk rally, which could get yet another boost during next week, when China is expected to return to the global market. According to this week's report from shipbroker Intermodal, "the surge in iron ore trade has translated into a massive boost in daily earnings for capes; with the demand for such vessels skyrocketing over the last couple of weeks. The gains noted for Capes are certainly impressive when considering that rates have recovered from below US$ 4,000/day noted back in June 2012!"
According to Intermodal's SnP broker, Mr. Tasos Papadopoulos, "as a comparison, this time last year, iron ore had “crashed” down to just US$ 86/tonne, in a sudden shift that took the industry by surprise. This had primarily been the drive for last year’s seasonal round of restocking, however it seems that it was nowhere close to the excessive demand witnessed over the past couple of days", he noted.
He added that "Capesize vessels provide the best insight into the health of the Chinese economy; and despite analysts having projected a slowdown in Chinese growth; China continues to import in order to replenish its supply. China's aggressive iron ore restocking has encouraged a surge in demand while near-term prospects remain promising!
China is forced to import iron ore, as their inventories have declined significantly, down by 27% from their February 2012 highs. There have been large volumes of Chinese buying and restocking from both Australia and - more importantly - Brazil and the year could end on a high note", Papadopoulos noted.
But the question that's on everyone's mind at the moment is, how long will this latest Capesize rally last? According to Intermodal's analyst, "we expect Capesize rates to remain firm as long as Chinese iron ore restocking continues. Having said that, we have several examples from the recent past, where once the seasonal restocking process was over, we witnessed drops in freight rates which were just as quick as their preceding rise.
However, the present surge looks likely to be sustained for a bit longer, as it appears to be supported by improving fundamentals in China's steel production and consumption. All the evidence points towards the fact that steel production and consumption in China is to continue to steadily grow, maintaining China’s iron ore imports at healthy levels in respect to the supply of vessels", the shipbroker noted.
As per Mr. Papadoupolos' analysis, "what is worth highlighting here is, that for the moment, only iron ore demand has picked up considerably and it has mostly been Capesize owners that have basked in the sun, while there has been limited spill-over effects noted in the panamax sector and at the same time Supras and Handies seem to be mostly unaffected".
Will this boost in freight rates remain limited only to the larger segments or will we eventually see benefits trickle down to the smaller sizes? According to the analyst, "for the moment it seems as though these surplus rates are a privilege only the Capes can indulge in and as we have yet to see any spikes in demand for commodities such as grain or coal, the mere positive sentiment created by higher earnings may not be enough yet to provide a solid foundation for a complete dry bulk market recovery", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Sunday, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
Saturday, 12 October 13
PANAMAX: OWNERS ARE AT US$ 17-18.5K PER DAY; CHARTERERS ARE AT US$ 15.5-16K - CAPT. REDDY
COALspot.com - The futures market was heavily down on the cape size vessels and the physical average charterer rates on cape size vessels dropped by ...
Friday, 11 October 13
DRY BULK FREIGHT RATE POSITIVE MOMENTUM TO BE SUPPORTED BY HIGHER DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO released its latest short term research on the shipping markets, estimating that the elevated level of Capesize TC average rates i ...
Friday, 11 October 13
US COAL PRODUCTION FALLS 7.70% IN SEPTEMBER
COALspot.com – United States the world’s second largest coal producer produced approximately 17.70 million short tons (mmst) of coal in ...
Thursday, 10 October 13
NPC AUSTRALIA SHIPPED 2.99 MILLION TONS OF COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.04 per cent week on week to 2.99 million mt for ...
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- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
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- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
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- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
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- Mercator Lines Limited - India
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- Bayan Resources Tbk. - Indonesia
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- Trasteel International SA, Italy
- New Zealand Coal & Carbon
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- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
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- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
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- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
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- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
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- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
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- MS Steel International - UAE
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
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- The University of Queensland
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
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