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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, 13 November 13
Q3' 14 CFR SOUTH CHINA COAL SWAPS CLOSED HIGHER THAN Q1' 14 PRICES
COALspot.com : API 8 CFR South China Coal swaps for average Q1 14 delivery gained 0.55 percept W-W on Friday 8 November 2013. The CFR South China Co ...
Wednesday, 13 November 13
THE SOFTENING HAS AFFECTED THE BIGGER SIZE SEGMENTS; SMALLER ONES STILL APPEAR TO BE VERY STABLE - INTERMODAL
After a month and a half of back to back weekly declines, the dry bulk market has finally reversed its negative course. We believe that there should ...
Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up fo ...
Wednesday, 13 November 13
NEWCASTLE COAL EXPORTS PLUNGE 12.40% IN W/E 10 NOVEMBER FROM THE PRIOR WEEK
COALspot.com: In the week ended November 11, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.42 ...
Monday, 11 November 13
TAMIL NADU STATE OWNED POWER GENERATOR TO IMPORT 3.7 MMT OF 6000 GAD COAL
COALspot.com - TANGEDCO, Tamil Nadu Generation & Distribution Corporation Ltd, Tamil Nadu state owned power generator & distributor intends ...
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- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
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