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Saturday, 02 November 13
DRY BULK SHIPPERS AREN'T CELEBRATING, BUT THEIR SILENCE IS GOLDEN - MARKET REALIST
 In October, performance for major dry bulk shipping companies was mixed. Companies like DryShips Inc. (DRYS) had pulled back more than Diana Shipping Inc. (DSX), while a few like Safe Bulkers Inc. (SB) and Navios Maritime Holdings Inc. (NM) were able to hold onto gains in August and September.
Recap of this week’s key indicators
Despite recent sell-offs, the medium-to-long-term outlook of the dry bulk shipping industry hasn’t changed. Rising ship orders continue to reflect managers’ optimism, and the construction level is slowing down, which means future capacity growth will be lower. Higher scrapping activity likely reflects short-term weakness. But if the long-term trend holds, we should see scrapping activity come down soon.
While early shipments of iron ore led to an earlier peak in shipping rates, and shipping rates (Capesize in particular) have fallen in October, the dry bulk trade should continue to grow into 2014. Falling iron ore prices will reflect new iron ore production rather than weaker demand, which will support iron ore trade.
Despite higher iron ore inventory in China, it remains significantly below the long-term trend line, suggesting room for further purchases of iron ore over the medium to long term. In the short term, we can face headwinds because the interest rate in China has risen and credit is tighter than before. Because holding iron ore at ports costs money, tighter credit and higher interest rate is a short-term headwind. It’s important to be cautious, but it’s also key not to get scared. With steel price in China near the long-term support, the government would likely step in to support the economy if it faltered.
Silence is golden
As dry bulk shipping rates have fallen, so has the mention of dry bulk shippers in the news. But silence is golden. It’s times like this, when nobody is saying anything, that investors are slowly building positions and advancing like silent troops in the night. As long as these trends remain positive, we should see dry bulk shipping companies deliver positive returns over the next few months and quarters.
For those who missed last week’s series that contained several indicators about China’s economic activity, see Weekly trends that affect dry bulk shipping companies’ future.
economic activity, see Weekly trends that affect dry bulk shipping companies’ future.
Source: Market Realist / Hellenic shipping news
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Monday, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD
In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is u ...
Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER
COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, m ...
Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of co ...
Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (appro ...
Wednesday, 25 December 13
DRY BULK INDEX LOST SOME GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Softer - )
The Dry Bulk Index lost some ground this past week, on the back of activity slowing down befor ...
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- PTC India Limited - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
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