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Saturday, 05 September 15
DRY BULK MARKET MAY SUFFER NOW, BUT IS BOUND FOR A RECOVERY THANKS TO A LIMITED FUTURE FLEET GROWTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The slow increase of dry bulk tonnage growth this year could turn into a solid indicator of the market’s future prospects. According to a recent report from Allied Shipbroking, “since the start of the year the total dry bulk fleet has risen by 115 vessels, or 1.2% of the active fleet. Of course, at the same, despite the more optimistic scenarios unfolding on the frieght market, “dry bulk commodities are still showing off their bearish face on the back of weaker manufacturing data from the world’s number one workshop. Commodity prices were faced with a strong decline today, with some hitting multi-year lows, as worries started to grow over the extent of the over supplies issues faced globally as production showed ever weaker figures this month”, said Allied.
Allied’s, head of Market Research & Asset Valuations, George Lazaridis noted that “even in the case of commodities such as iron ore, which during the past couple of weeks has shown good signs of strengthening, after spot pric-es gained more than 25% over the past month, is still finding it difficult to support a bullish market feel, as steel output continues to tumble while the futures contract mar-ket points to a still lagging market in terms of demand. The main issue will hold, as these commodities primarily used in power and construction, are facing a lack in demand which will take time and a lot of support to bring it back on an upward moving track”. He added that “so, on the basis of common logic, this slump in commodity prices should follow a slump in freight markets which are a directly influenced indicator of the volumes that are traded worldwide. Yet the freight market has been showing a trend of its own, even if one takes into account the recent softening that has been noted in most of the size seg-ments, it seems as though the shipping industry has taken all the right precautions in order to be better placed to handle a market where slower growth levels are the new reality”.
Meanwhile, Lazaridis noted that “looking at the fleet in more detail, size segments such as that of Capes and Handies have decreased in number during this period by 14 vessel (-0.9%) and 5 vessels (-0.2%) respectively. In terms of the Capes, it could explain why we have managed to see a notable recovery in freight rates during the past months and a half. Yet even in Panamax size segment growth has been fairly limited, with the fleet in-creasing by only 11 vessels (0.6%). The only size segment that has not followed this trend has been the Supramax segment which has not only grown by 112 vessels (4%), but the majority of the new vessels being delivered are Ultramax vessels which are of considerably higher carrying capacity than the average of the fleet in this deadweight range (40-67,000dwt). With all these figures being for the 7 months that have passed and not annualised figures, we can’t directly compare them to the year-on-year growth in trade. Nevertheless, these figures do clearly show that the growth in fleet is clearly moving slower than that of trade and if this pace continues it isn’t hard to imagine an improving freight market moving forward”, he said.
Therefore, noting all the above, “it looks as though we might have found the “sweet spot” in terms of balance between fleet and trade growth. The market has now switch to one which is highly dependent on the course that the supply side will take, as it seems that on the demand side things are on a fairly predetermined course and bearish in outlook for the short-run. This means that we will have to continue capping supply in order to regain a market that is performing well enough to entice new investors as well as to bring earnings back into the black for current owners/operators. Something that may seem fairly easy now that new orders have all but stopped, yet the main difficulties will be those faced further down the line, once optimism re-enters the market and speculators start dealing the difficult “blows”, Lazaridis concluced.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 09 September 15
FOB INDONESIA COAL SWAP LOSE GROUND ON SLOWING DEMAND
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and week over week.
The 4Q swap declined $ 1.92 (-4.52%) per t ...
Tuesday, 08 September 15
FOB RICHARDS BAY COAL SWAPS CONTINUE TO SHOW DECLINING TREND
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month.
The 4Q swap was down US$ ...
Tuesday, 08 September 15
GANGAVARAM PORT IN INDIA DISCHARGES RECORD 112,599 MT OF STEAM COAL IN 24 HOURS
COALspot.com: Gangavaram Port, an all weather, multipurpose port with water depth up-to 21 meters, capable of handling fully laden Super Cap ...
Monday, 07 September 15
THE MINE OF THE FUTURE WILL HAVE ONLY TWO EMPLOYEES, A MAN AND A DOG - SCOTT MCGOWAN
"The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Scott Mcgowan, Director, Global ...
Monday, 07 September 15
FOB NEWCASTLE COAL SWAP FOR Q2' 16 DELIVERY CLOSED US CENTS 25 LOWER COMPARED TO Q4' 15
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery declined $0.73 per MT (-1.68%) month over month to US$ 42.65 per mt. The sw ...
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Showing 2826 to 2830 news of total 6871 |
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- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- The Treasury - Australian Government
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- London Commodity Brokers - England
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
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