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Wednesday, 22 January 14
DRY SECTOR: SENTIMENT REMAINS STRONG - INTERMODAL
 As we have now entered 2014 and the Chinese are soon entering their Year of the Horse (sit tight for the ride!), it is a great opportunity to see how last year ended and what shall we expect for the months ahead...
What a great finish for the year it has been for bulkers, with the BDI reaching the highest level since 2010 at 2,337 points by mid-December, with Capes reaching just over the 40,000 USD/day-mark; smaller classes did not fare that well, but definitely better than during the anemic 1st half of the year.
What happened since then? We have seen the indices retreating heavily during the holidays, with the BDI losing around 1,000 points, bottoming out at 1,370 points, having only just returned to positive territory with Capes leading the way after the difficulties they faced earlier in the month.
Sentiment remains strong within the dry sector, with expectations of better times ahead, due to a slower rate in new building deliveries and improved prospects for global economic growth, according to the latest growth revisions by the World Bank...Is this the full story though??
China's economic growth continues to cool; China will manage to pass the official target of 7.5% growth for 2013 as a whole, but at the same time this is its lowest figure for any year since at least 1999, as per the Financial Times.
The United States, on the side of the Atlantic, while still struggling to overpass the so-called 'fiscal gap', do not seem strong enough to be able to provide world trade with the necessary support, fact that one sees by just looking at the levels freight rates container vessels have reached.
Last but not least, Europe remains as always romantic, focusing on President Hollande’s personal affairs, while at the same time austerity imposed by the North is still suffocating the South and while all appears to be working perfect in theory, the truth is that austerity measures and lack of bank financing are still placing a lot of pressure on the more fragile economies such as the Greek one.
And then you have the supertankers, waking up from their long hibernation whilst being in the mid-winter season, now commanding rates in excess of USD 100,000 per day despite having been in the doldrums for most part of 2012 and 2013...
The fundamentals are simply not there yet, but this doesn’t seem to deter Owners who seem as if they simply don’t care and trying to enjoy as much as they can from this unexpected scoop!
So, what’s next? What will the Year of the Horse bring for shipping? Who will be this year’s Horse Whisperer? Enjoy the ride... but beware of the obstacles.
- by George Bassakos, SnP Broker -
Compiled by:
Intermodal Research & Valuations | research@intermodal.gr
Analysts:
Mr. George Lazaridis | g.lazaridis@intermodal.gr
Ms. Eva Tzima | e.tzima@intermodal.gr
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Sunday, 02 March 14
THE FREIGHT MARKET WAS STEADY TO FIRM THIS PAST WEEK - CAPT. REDDY
COALspot.com: The freight market was steady to firm this past week. The BDI was up 7.06 pct and closed at 1258 points and the cape index was also fi ...
Friday, 28 February 14
PTBA TO INCREASE ITS COAL TERMINAL'S LOADING CAPACITY TO 25 MILLION TONS PER ANNUM BY JULY 2014
COALspot.com: PT. Bukit Asam (PTBA), the Indonesian government owned coal miner operates several coal mining units in Sumatera as well as in Kaliman ...
Friday, 28 February 14
U.S PRODUCED 1.9% LESS COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 28 February 14
DRY BULK MARKET SLOWLY BUT STEADILY FINDS ITS FOOTING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from ...
Thursday, 27 February 14
PANAMAX : MARKET CONTINUED TO DECLINE IN THE ATLANTIC
Handy
The Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead b ...
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Showing 3826 to 3830 news of total 6871 |
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- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
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