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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, 09 December 14
API 8 CFR SOUTH CHINA COAL SWAPS FELL 1.8% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 1.84 (-2.91%) month over month and US$ 0.95 (-1.52%) we ...
Monday, 08 December 14
GOVERMENT TO WITHDRAW CNC STATUS OVER SUSPECTED FLAWS - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to review the clean and clear (CnC) status held by ...
Monday, 08 December 14
FOB NEWCASTLE COAL SWAPS SLIP W-O-W AND M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery closed at US$ 52.10 on 5 December after losing US$ 0.55 (-1.04%) month over ...
Sunday, 07 December 14
SUPRAMAX S8 ROUTE SLIGHTLY INCREASED WEEK ON WEEK
COALspot.com: The BDI continued its fall as cape index fell heavily week on week.
The BDI lost around14.83 pct within last five working day an ...
Saturday, 06 December 14
TANKER FLOATING STORAGE PLAYS COULD COME INTO PLAY IF VLCC RATES STAY AT CURRENT LEVEL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Contango: A phenomenon in commodities futures price curves where the delivery price of a futures contract is greater than the current price. With t ...
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- The University of Queensland
- Maheswari Brothers Coal Limited - India
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- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
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- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
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- Indogreen Group - Indonesia
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- Attock Cement Pakistan Limited
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- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
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- SMG Consultants - Indonesia
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- GMR Energy Limited - India
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- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
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- Anglo American - United Kingdom
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- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
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- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
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- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
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- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
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- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
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- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
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