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Wednesday, 05 August 15
DRY BULKER PRICES START TO FIRM UP AS MARKET SENTIMENT IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Market pessimism in the dry bulk industry, a trend which had established itself over the course of the year, has started to fade away over the past couple of weeks. According to a recent report from shipbroker Allied Shipbroking, “in part, this has been due to things seemingly looking calmer on the geopolitical stage then they did several weeks back, yet this has played a relatively small and unimportant part in the grand scheme of the global dry bulk trade. Over the course of the last couple of weeks we have seen the freight market slowly finding its foothold, and gaining ground well above the lackluster levels it was receiving several weeks back”.
According to Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied, “this is not to say that there has been a complete reversal and that we are now finding ourselves in the midst of a bull market, yet it has been enough to inspire optimism amongst many in the market”. Mr Lazaridis noted that “during the first half of the year the intense rebalancing act of the fleet which has served as a purpose in keeping its growth rate in check and in line with the new “status quo” of global economic development has started to “bear fruit”. With the number of vessels available and trading in the market being held at a stead number, seasonal spikes in demand have emerged right in time to give a strong boost to freight rates that had been lingering for too long around or even below OPEX levels”.
Of course, “one might say that seasonality will fade and you will once again be left with a fleet which is much larger than required, yet in reality this seasonality has helped us buy some time as the growth in trade slowly creeps at its slower pace increasing demand to the extent that it be-comes in balance and at some point might even surpass tonnage supply once again (this all depending on if we can keep the fleet growth at a lower rate than growth in trade)”, Lazaridis noted.
He added that “all this having been mentioned before, what strikes of interest now is the way the sale and purchase market in the dry bulk segment has started to react to all of this. For over a month now we have seen prices hold at a level which they were unable to break below, partially due to the fact that there was also strong resistance in the newbuilding market and strong resistance from sellers themselves. With a significant amount of the downward pressure having been alleviate (as earnings are now at much healthier levels and many in the market are starting to hold the belief that we have passed the worst of the storm) the amount of buyer looking to buy at bargain levels has not only risen but has also started to get itchy fingers and become a bit more “trigger-happy” (as if they are in some sort of wild west movie)”.
According to Allied’s analysis, “this has started to become more so the case for some of the modern units especially in the Kamsarmax and Ultramax sectors, both of which are expected to feed of much better over the coming years from the increasing trade from India. In terms of reported transactions, we have yet to see this “eagerness” reflected in pricing. There has been however a stronger demand then what had been seen over previous months and buyers are now looking to be considerably more eager to compete for units that they inspect. This in turn, if supported by the market, should start to emerge in transactions that we will be seeing come to light towards the end of August to early September, however as is always the case and nevertheless if it hap-pens now or further down the line, buyers seeing the emergence of this trend will feel that they might have “missed the market” and depending on the number of buyers that feel the same, we would likely see another round of price hikes self-fed by new rounds of buying interest and over eagerness to compete. Let’s hope this time around some will a higher degree of self-refrain before prices have overshot once again”, Lazaridis concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 06 July 15
KOREA MIDLAND POWER COMPANY LIMITED ISSUED A TENDER FOR 250K MT BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 250K Metric Tons (MT) of 5300 kcal/kg NAR coal ...
Monday, 06 July 15
COAL TRADING & RISK MANAGEMENT TRAINING COURSE
Are you ready to invest in yourself and take your trading and risk management strategy to the next level? The Coal Trading & Risk Management Tr ...
Monday, 06 July 15
CFR SOUTH CHINA COAL SWAP; DECLINED D-O-D,W-O-W AND M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.53 (1.01%) per MT month over month.
A commodity swap ...
Sunday, 05 July 15
THE BALTIC DRY INDEX WAS DOWN 18%; PANAMAX UP 9%
COALspot.com: The freight market was soft during this week. However indices closed slightly firmer end of the week on 3rd July.
The BDI was do ...
Friday, 03 July 15
U.S DELIVERS WEAK FIRST HALF COAL PRODUCTION; 8.8% LOWER Y-O-Y
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 15.5 million short ...
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- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- ASAPP Information Group - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Sical Logistics Limited - India
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