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Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite the fact of the relatively positive performance of late. The “pessimists”, as described by shipbroker Allied Shipbroking’s latest weekly report, are negative regarding the future prospects of the Capesize market, at least during the first half of 2015, while things are not looking much better for 2015 as a whole. According to Mr. George Lazaridis, Head of Market Research & Asset Valuations, the arguments expressed claim that “with the steel industry being considerably shaken up after the softer results witnessed out of China throughout the year, the market has found itself once again plagued by overcapacity in terms of vessels and excess supply of steel products, possibly marking a further slowdown in steel production growth. Having now en-ered the final month of 2014 and with rates in the final quarter of the year having grossly disappointed the expectations that had accrued from the more promising final quarter of 2013, the market has now been left in shatters in terms of market sentiment, while the headache of the excessive order book continues to loom in the horizon”.
By contrast, those who voice more optimistic views, say that things could very well be better. According to them, “iron ore trade and in particular seaborne trade, has been mainly driven by Chinese demand for almost a dec-ade now and while demand for steel production may well be faltering, it doesn’t not look like we will see an outright reduction in demand for this vital commodity. At the same time, with prices of the ore having dropped to consecutively record 5 year lows over the past months, it has been Chinese internal iron ore production that has been most at threat. Both Australia and Brazil have considerably lower breakeven levels and can sustain their production at price levels considerably lower than their Chinese counterparts. This means that as the price drops further it will likely be seaborne imports that will have most to gain boosting their demand and as such their volumes”, Lazaridis noted.
He added that according to the optimists of the dry bulk market, “the considerable iron ore inventories that have amassed in most major Chinese ports are likely to be consumed fairly quickly by the ramped up Chinese steel produc-tion and at the same time the average levels of port inventories will have to be raised in order to better secure against any disruptions in production as they will be more reliant on imports moving forward”.
As a results, Allied’s analyst wonders which will be the case out of the above different scenarios. According to him, “there may well be an increasing rise for iron ore imports, however Australia has championed as main supplier to China for many years and as things are looking now, they have been gaining further ground during 2014, moving from a 51% market share in 2013 up to roughly a 58% market share now. This means that as their mines ramp up production and gain ground in the market they will likely eat up some of the further away competition as well, countering some of the positive effects of the higher reliance of China on imports, as Aussie ore also takes up volume from longer haul sources as well”.
According to the shipbroker’s view on the 2015 dry bulk market, “as things stand now it looks as a reasonable scenario for Chinese iron ore imports to rise by around 10-15% on a year-on-year ba-sis, while to put this number in perspective the respective number for 2014 looks close to around 16%. Having said that, this rise in imports is possibly going to translate into a more marginal 5% demand growth and even this figure seems to be optimistic. At the same time the schedule of newbuilding deliveries is quite well packed with over 139 vessels currently set to hit the water within 2015, while the lower bunker prices might add another headache as fuel consumption becomes less of an issue and many charter-ers start to push for higher speeds and in turn further increase the total annual carrying capacity of the Capesize fleet”, he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 23 December 14
Q4'15 FOB RICHARDS BAY COAL SWAPS FALL $ 3.85 IN A MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 2.13 (-3.17%) month on month ...
Tuesday, 23 December 14
SHIPOWNERS ARE FINALIZING MORE DEALS AS YEAR END COMES CLOSER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
With the 2014 year just a few days before waving goodbye, shipowners are looking to close their pending deals in both the newbuilding and S&P m ...
Monday, 22 December 14
Q2'15 CFR SOUTH CHINA COAL SWAP CLOSED $ 0.30 LOWER THAN Q1'15 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.67 (-5.81%) month over month and US$ 0.35 (-0.58%) ...
Monday, 22 December 14
API 5 FOB NEWCASTLE COAL SWAPS ARE HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.71 per MT (-3.24%) and closed at US$ 51.02 on 19 December month ...
Sunday, 21 December 14
PANAMAX COAL FREIGHT FROM INDONESIA TO INDIA FALLS FURTHER
COALspot.com: The BDI continued its fall as cape index lost heavily week on week.
The BDI was down 6.95 percent week over week and closed at 8 ...
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- Posco Energy - South Korea
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- London Commodity Brokers - England
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
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