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Monday, 24 August 15
IS CHINA'S STEEL EXPORTS ENOUGH TO SUPPORT THE FREIGHT MARKET? - BIMCO
 No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will support the dry bulk freight market.
World Crude steel production for the first seven months of 2015 was 945.8 million tons, down 2.1% on same period last year, according to World Steel Association.
As China accounts for 50% of the world’s crude steel production it’s fair to highlight the specific development in China as well as in the rest of the world separately.
In dry bulk shipping, all eyes are on China as 960 million tons (Mt) out of a total 1,425 MT of seaborne iron ore exports is expected to be landed there in 2015.
Fortunately for shipping, China is faring slightly better than the rest of the steel producing nations combined. From January to July this year, China produced 476 MT against 485 MT last year, a decrease of 1.8%. Meanwhile production in rest of the world was 470 MT against 482 MT last year, a decrease of 2.5%.
Chief Shipping Analyst at BIMCO, Peter Sand, says: “China is heading for its first annual decline in crude steel production since 1981. This is painful for dry bulk shipowners and operators, as iron ore imports into China is the key market driver.
Fortunately we are finally seeing Chinese steel mills substitute domestically mined ore of low quality for high quality imports. This has buoyed imports, which are on par with last year for the first seven months of 2015 while domestic production is down by 10.1% during the same period.
As we may have seen steel production in China at its peak in 2014, the big questions is: will China keep up steel exports equal to the steel production in Japan going forward or will Chinese steel production decline with lower domestic consumption from now on?”.
Chinese steel exports rose strongly throughout 2014, growing 51% on 2013 to reach 94 MT. In December 2014 and January 2015 more than 10 MT was exported. 2015 has kept building on the strength of 2014, benefiting the Supramax market in the Far East.
Currently, industrial production close to Beijing is somewhat restricted as the capital hosts the 2015 World Championships in Athletics from 22-30 August and the celebrations marking the end of World War II on 3 September. This is done to ensure blue skies during the event.
“The second half of the year is the seasonally strongest for global seaborne iron ore transportation. BIMCO therefore maintain expectations for a positive growth level, but revise it somewhat down to 2.8% on the back of weakness in first half of the year.
Achieving this level hinges on China maintaining is steel exports level as well as continues substituting domestically mined ore for imports”, adds Peter Sand.
Source: BIMCO | Hellenic Shipping News
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Monday, 28 September 15
CAPESIZE FLEET INCREASES BY JUST 1 VESSEL DURING LAST 12 MONTHS, IN POSITIVE SIGN FOR DRY BULK SHIPPING MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
After a rather tumultuous period, the shipping industry and more particular the dry bulk market has started to adjust to the new realities of globa ...
Monday, 28 September 15
Q1'16 CFR SOUTH CHINA COAL SWAP ROSE 2.73 PER CENT M-M
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery moved upward US$ 1.45 (3.04 %) per ton month over month.
A commodity ...
Sunday, 27 September 15
THE PANAMAX INDEX FELL 1.19 PCT WEEK OVER WEEK
COALspot.com: The BDI closed Friday (25/09/2015) at 943 points, down by 17 points compared to previous Friday closing (18/09/2015). The BDI wa ...
Friday, 25 September 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING SEPTEMBER 19 ROSE 2.5% PER CENT W-W
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.8 million shor ...
Wednesday, 23 September 15
CAPESIZE: SPOT RATES HAVE INCREASED MORE THAN 70 PER CENT DURING LAST WEEK
Dry Bulk owners, always look at September as the time that the market “signals” what lies ahead for the remainder of the year. The Chin ...
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- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
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- Siam City Cement - Thailand
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- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
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- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
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- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
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- Sindya Power Generating Company Private Ltd
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- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
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- Grasim Industreis Ltd - India
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- MS Steel International - UAE
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- Independent Power Producers Association of India
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- Trasteel International SA, Italy
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- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
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- Commonwealth Bank - Australia
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- Attock Cement Pakistan Limited
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- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
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- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- The University of Queensland
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- Sakthi Sugars Limited - India
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- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
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- Eastern Coal Council - USA
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- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
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- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
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- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- The Treasury - Australian Government
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- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
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- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
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- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- White Energy Company Limited
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- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
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- Posco Energy - South Korea
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- Mjunction Services Limited - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
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- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
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- Planning Commission, India
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- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
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