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Thursday, 30 April 15
IRON ORE PLAYS EXPECTED TO SHAPE UP MAY DRY BULK SCHEDULE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Market plays in the iron ore commodities’ markets, are expected to carve out the future demand for the shipping industry as well, said Allied Shipbroking in its latest weekly report. According to the report, “with chatter circulating the market that some of the major dry bulk commodities are set for a turnaround in fortunes after their most recent price rally, many traders have started to seem more bullish and hopeful that we may have finally bottomed. Yet is there really fire everywhere you see smoke. Things seem to be a touch more complicated and with the commodities markets being the demand driver for both wet and dry tonnage, it is interesting to see how deep these latest promises hold”.
As Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied Shipbroking noted, “the truth is that we have seen some of the biggest gains since 2012 in iron ore prices. The climb was more than 14 per cent over the past 2 weeks, marking a new month high of USD 53.8 per tonne according to the TSI price index. At the same time, as we have been reporting during the same time period, Rio Tinto and Fortescue have been heavily hitting the charter market with fresh inquiries, something that has notably pushed freight rates for Capes on the Australia/Far East routes considerably”.
He added that “things have pulled back slightly in terms of new voyage requirements, yet with the commodity price still looking to hold upward momentum it is not without reason that some keep a hopeful position of the prospects that the May program may hold. As for the reasoning for most of this, it seems that a combination of restocking by Chinese steel mills, coupled with expectations that its government will provide further support to spur economic growth, has encouraged most of these larger mining companies to take on their competition head on flooding the market with their cheaper prices produce in order to gain market share and lower their marginal costs”.
Meanwhile, “while all this has being going on during the past two weeks, another major mining company, namely BHP Billiton has announced its intention to defer a project that would increase capacity of its Australian mines to 290m tonnes a year by mid-2017. Along with this, caution must also still be kept as to how the market can fair in the likely sce-nario that China holds on to its slower economic growth trajectory, despite any efforts made through further fiscal easing, leaving a minimal demand growth for the market. The reality seems to be that Chinese demand will continue to wane in the near term, something that will carry on placing pressure on all major commodities. As such any renewed market demand must come from elsewhere, countries such as India, which for the moment do not seem to be up to the task of propping up global demand by the same amount”.
Lazaridis also mentioned that “through all this there are subtle silver linings to be found. For one, the deferral by BHP Billiton of extra investment spending could be part of an effort to squeeze its current marginal costs, as it has been ramping up production of its western Australian mines during the past couple of months. Let’s not forget that Rio Tinto had made a similar decision last year, which as is now seen, did little to deter it from ramping up its produc-tion volumes this year. At the same time and as the three major Australian miners as well as Brazil’s Vale, seem adamant in taking up further market share, this could likely translate into a good increase in tonne-mile demand, taking into account that most of the capacity they replace is likely to be closer to home or even internally within China. As such the main issue remains as to how much the capacity growth of the fleet can be restricted. If we can avoid a complete market collapse this year, investor appetite could eventually kick in, financing an actual rebound in the commodity markets”, he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 22 May 15
FOB INDONESIA COAL Q3'15 SWAP FINISHED THE WEEK UP 38 CENTS TO $43.65 PER MT
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains week over week and lost month on month, past week.
The Q3 swap was declined US$ ...
Friday, 22 May 15
U.S WEEKLY COAL PRODUCTION STAYS FLAT AT 16 MMST
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 16.0 million short ...
Thursday, 21 May 15
PORT OF NEWCASTLE ACHIEVED ITS BEST EVER TOTAL COAL EXPORT TURNOVER OF 159 MILLION TONS IN 2014
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $900 million ...
Thursday, 21 May 15
ATLANTIC PANAMAX MARKET STARTED TO IMPROVE SLOWLY - INTERMODAL
COALspot.com: The Dry Bulk market closed off the week on the green last week, purely on the back of improved Capesize performance, while the rest o ...
Wednesday, 20 May 15
LOWER PRICES SEEN IN NEWBUILDING MARKET ON LOW DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Cash-rich ship owners, or at least, owners with substantial access to financing will be among the prime candidates, who will reap the benefits of t ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- The University of Queensland
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Australian Coal Association
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Parliament of New Zealand
- Anglo American - United Kingdom
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