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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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Sunday, 10 November 13
PANAMAX COAL FREIGHT RATES REMAIN UNDER PRESSURE; SUPRAMAX BIGGEST GAINER - REDDY
COALspot.com: The freight market was up this week with all indices increased except for Panamax index.
The BDI was up by 56 points closing at 158 ...
Friday, 08 November 13
DRY BULK MARKET BOUNCES BACK ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market staged a mild comeback this week, as the industry's benchmark, the Baltic Dry Index (BDI) inched forward step by step and bit b ...
Friday, 08 November 13
US'S OCTOBER COAL PRODUCTION INCREASED BY 1.78% M-M - EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.3 million short tons (mmst) of coal in ...
Thursday, 07 November 13
FORMOSA PLASTICS SEEKS 80K MT OF 5850 GAR COAL
COALspot.com: Taiwan's Formosa Plastics Group is inviting bids for 80,000 mt of bituminous coal for delivery in Nov - Dec'13 for its Chi ...
Thursday, 07 November 13
INDONESIAN COAL EXPORT VOLUME INCREASED; REVENUE DECREASED
COALspot.com: Indonesia, the 15th largest economy, 4th largest coal producer in the world and world's largest multi grade coal exporter shipp ...
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Showing 4021 to 4025 news of total 6871 |
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- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- Anglo American - United Kingdom
- Deloitte Consulting - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
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