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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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Tuesday, 22 October 13
KOWEPO INVITED BIDS FOR MULTI GRADE COAL
COALspot.com - Korea Western Power Co., Ltd. (KOWEPO), a Korean electricity generator intends to procure 240,000 tons of multi grade coal for its Ta ...
Monday, 21 October 13
SOUTH CHINA COAL SWAP FOR 2014 DELIVERIES SHOW A POSITIVE TREND
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.02 percept M-M on Friday 18 October 2013. The CFR South China Co ...
Sunday, 20 October 13
Q3'14 SUB-BIT INDO COAL SWAP CLOSED AT $ 61.80 PMT W/E 18 OCT' 13
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 0.93 percept month on month on Friday 18 October 201 ...
Saturday, 19 October 13
NICKEL ORE SHIPMENTS KEEP SUPRAMAX CHARTER RATES STEADY - CAPT. REDDY
COALspot.com : The futures freight market continued to go down which was reflected in the physical markets as well.
The BDI continued to be soft ...
Friday, 18 October 13
WOOD MACKENZIE FORECASTS CHINA WILL OUTWEIGH THE REST OF THE WORLD FOR BASE METALS DEMAND BY 2017
China set to account for 52% of 117mt base metals market by 2017
China is on track to exceed rest of the World demand by 2017, becoming the singl ...
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- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Economic Council, Georgia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Minerals Council of Australia
- The University of Queensland
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
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