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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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Wednesday, 27 November 13
SHIP OWNERS ONCE AGAIN TURN TO DRY BULK CARRIERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners once again turned to more dry bulk carrier ordering over the course of the past week, as more and more appear convinced of the industry ...
Tuesday, 26 November 13
EWP INVITES COAL BIDS FOR 2014 - 2018 DELIVERIES
COALspot.com: Korea East-West Power Co. Ltd (EWP) invited bids to supply 130,000MT of min 5,600kcal/kg (Sub)-bituminous Coal on NCV basis for March ...
Tuesday, 26 November 13
NEWCASTLE COAL EXPORTS SLIP 22.62% W-W
COALspot.com: In the week ended November 25, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.26 ...
Monday, 25 November 13
THE SUB-BIT INDONESIA COAL SWAP MOVEMENT IN YEAR 2014 IS STILL FAR FROM PROMISING
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 2.54 pmt month on month on Friday 22 Novemb ...
Sunday, 24 November 13
CFR SOUTH CHINA COAL SWAPS FOR Q4' 14 DELIVERY PRICE SHOWS A NEGATIVE TREND WEEK ON WEEK AND FLAT ON D-D
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.13 percept d-d on Friday 22 November 2013. The CFR South ...
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- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
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- Australian Coal Association
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- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
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- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
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- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
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- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
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- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
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- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
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- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
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- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
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- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
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- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
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- AsiaOL BioFuels Corp., Philippines
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- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
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