We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fact, the market hasn't yet experienced not even a small positive correction, as many were expecting and as it seems, it will still take sometime before something like that occurs. According to the latest report by shipbroker Intermodal, "while the freight market for dry bulkers still remains weak, additional issues are weighing on rates as well; one of them being the recently reported difficulties faced by most of the top Shandong Soybean importers to obtain L/Cs from the banks, which drove them to cancel a number of contracts. It is also worth mentioning that, together with them, other private coal traders based in Guangdong seem to be facing similar difficulties in concluding import contracts as well".
The company's SnP Broker, Christos Trageas added that "the poor freight market has also been quickly affecting the activity in the SnP market, as compared to the last months we see less and less Buyers interested in acquiring second hand tonnage. At the same time, the few Buyers that are still inspecting, are offering well below the levels of the last done sales. As a result, they either push Sellers to withdraw their ships from the market altogether or invite interested parties to a second round of inspections at a later port call, hopping to gain some time before the market starts improving again.
A good example of the above, is a Japanese controlled 2002 Imabari built Panamax vessel, which was on the market for sale, however rumors are saying that only two parties proceeded with an inspection and that the figures they offered were not even close to Sellers ideas, so Owners decided to keep her on the market and invite a second round of inspections. A similar case is that of a 2002 built Handymax , which was reported sold last week; however we understand that the vessel still remains free and Owners are once again inviting inspections at the next port call", Trageas said.
According to Intermodal's broker, "a similar case of downward pointing prices is also being witnessed in the resale market, where Owners, who had contracted their ships sometime during the beginning of 2013 at fairly low levels (compared to recent deals), tried to get advantage from the firming prices of the last months by selling their tonnage. As a result we witnessed an overwhelming amount of resale tonnage in the market, even by top quality shipyards, which caused an inevitable oversupply especially as Buyers started to step back from further purchases".
He added that "in the newbuilding market we are seeing some slots opening, as it seems that certain Buyers didn't exercise their options, but these are only a few, especially for reputable shipyards, and newbuilding prices currently appear fairly shielded by the bad performance of the market at this stage. Unfortunately for Sellers, today’s market is not very promising and it seems that, if they do remain Sellers, they will have to compromise and drop their ideas, so that the sale price conforms to the current freight environment. On the other hand, if you are a Buyer today, this could possibly be the correction you have been waiting for to help you get back in the game before another round of firming second hand prices washes over the market 2013 style", Mr. Trageas concluded.
In a separate note earlier, shipbroker Golden Destiny had mentioned that "threatening element for dry bulk outlook is estimations for a slower global steel demand for this year. According to the World Steel Association, global demand is expected to rise 3.1% in 2014 to 1.52bn tons - down from growth of 3.6% last year and increase slightly in 2015 by 3.3%. The WSA said Chinese demand for the commodity would rise just 3% in 2014 to 721m tons, compared with growth of 6.1% recorded last year. In 2015, Chinese demand growth is expected to slow further to 2.7%. However, demand for steel in developed economies is forecast to grow 2.5% in 2014, following a contraction of 0.3% last year. The US is forecast to make a strong recovery, with steel demand expected to grow 4% to 99.4m tons, on the back of a pick-up in construction activity and manufacturing. European demand is forecast to rise 3.1% this year, following a contraction of 0.2% in 2013", Golden Destiny concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 04 June 14
SKULD: DIVERSIFICATION AND A ROBUST BOTTOM LINE
In February, I was delighted to ring in the new policy year with the Skuld team following a solid renewal round and a strong year. 2013 was, in man ...
Monday, 02 June 14
SUB-BIT FOB INDONESIA COAL SWAPS LOST GROUND THIS WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 02 June 14
SOUTH CHINA COAL SWAP WAS SHOWING A POSITIVE MOVE IN Q4, INSTEAD OF THIS WEEK'S WEAK TREND
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 3.39 percent month on month and closed at US$ 72.65 per mt as on F ...
Sunday, 01 June 14
INDO - INDIA SUPRMAX FREIGHT RATES CONTINUED TO DOWN THIS WEEK
COALspot.com: The freight market was soft this past week as all sectors soften particularly Panamax index was lost 129 points or 12.88% week on wee ...
Friday, 30 May 14
CLEAN COAL PROCESSING & CONVERSION ASIA SUMMIT 2014
Clean Coal Processing & Conversion Asia Summit 2014 will be held on Nov 20-21st, 2014 in Jakarta, Indonesia.
With the cooperation of ...
|
|
|
Showing 3676 to 3680 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Minerals Council of Australia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
|
| |
| |
|
