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Saturday, 30 August 14
RECOVERY IN SIGHT FOR THE DRY BULK SHIPPING MARKET - DREWRY SHIPPING CONSULTANTS
 Despite weak freight rates so far this year, Dry Bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities rises, according to the Dry Bulk Forecaster report published by shipping consultancy Drewry.
Freight rates have been depressed due to a continuing oversupply of vessel capacity, despite recent moderation in the growth of the fleet. Drewry’s Dry Bulk Freight Rate Index, a weighted average of earnings across multiple trades, declined 39% in the six months to June.
Drewry estimates that the dry bulk global fleet grew at an annual rate of 1.3% in the second quarter of 2014, down 0.4% on the first quarter. Some of this growth was the result of declining inactivity as vessels previously laid up due to bankruptcy proceedings came back onto the market. But much of the damage relates to over ordering of previous years, which has left the industry with an operating surplus of over 240 million dwt.
Despite this, activity in the newbuilding market has increased, due largely to demand for eco-vessels. Ordering for Capesize and VLOC vessels has increased on a positive outlook for coal and iron ore trades.The current overall orderbook represents around 23% of the global fleet.
On the demand side, strong growth in Chinese iron ore imports were partly offset by a contraction in coal and grain shipments. Chinese imports of iron ore grew 12% quarter-on-quarter, driven by domestic smelters’ preference for high quality and low cost imports. Grain shipments were impacted by adverse weather conditions and geopolitical issues in Eastern Europe. Chinese steam coal imports declined around 4% in the year to June, reducing earnings of Capesize and Panamax vessels. Chinese imports of iron ore are expected to slacken off through the remainder of the year due to large stockpiles, but demand is forecast to grow at an annual rate of 6% in the period to 2019.
“The immediate outlook for bulk shipping is positive,” said Rahul Sharan, Drewry’s lead dry bulk shipping analyst. “Despite weak market conditions through the first half, average time charter rates for 2014 are expected to be higher than 2013 as Drewry expects rates to increase in the second half.”
Driving much of this recovery will be increased demand for both major and minor bulk commodities.
“Looking further ahead, we expect earnings to recover gradually across all vessel segments over the next few years,” added Sharan.
Source: Drewry Shipping Consultants / Hellenic Shipping
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Friday, 05 September 14
U.S. PRODUCED 19.2 MMST OF COAL LAST WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 04 September 14
PUNJAB STATE POWER CORPORATION LIMITED OF INDIA HAS DECIDED TO BUY IMPORTED COAL - HINDUSTAN TIMES
COALspot.com: The Punjab State Power Corporation Limited (PSPCL) has decided to buy imported coal to run its thermal plants, as reported by Hindust ...
Thursday, 04 September 14
INDONESIAN COAL MINERS MAY GET MORE TIME ON ROYALTIES - FITCH RATINGS
COALspot.com: Fitch Ratings says that coal miners in Indonesia are likely to get more time to repay the government the royalties that were set off ...
Thursday, 04 September 14
INDONESIAN COAL SWAPS SLIDE THIS PAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.90 (-1.68%) day on day and US$ 1.80 (-3.31%) per mt week on week. The ...
Thursday, 04 September 14
CAPESIZE : SENTIMENT REMAINS POSITIVE FOR Q3/Q4 - FEARNRESEARCH
Handy
The Atlantic market has experienced more activity this week. Rates for TA´s are up about 8% w-o-w, much lead by an increasing number ...
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- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
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