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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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Thursday, 03 September 15
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA TO REVISE HBA METHODOLOGY
COALspot.com: Ministry of Energy and Mineral Resources (ESDM) in process to revise Indonesian Coal Price Reference (HBA) and expected to complete b ...
Thursday, 03 September 15
THE CHINESE STOCK MARKET AND THE CHINESE ECONOMY CONTINUE TO SUBSTANTIALLY AFFECT TRADING - INTERMODAL
The last week of the summer season saw the BDI dipping further on the back of another significant drop in rates for Capes, which brought the market ...
Wednesday, 02 September 15
PORT OF NEWCASTLE SHIPPED 13.46 MMT OF COAL IN JULY; UP 0.66 PER CENT M-O-M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.224 billi ...
Wednesday, 02 September 15
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
In the beginning of the summer period SnP activity was firm with numerous buyers, coming mainly from Greece and the Far East, inspecting ships and ...
Tuesday, 01 September 15
FOB INDONESIA COAL SWAPS FURTHER SLIDE TO US$ 40.62 PMT; DECLINE 5.34 PERCENT M-O-M
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and slightly dropped week over week.
The 4Q swap was declined ...
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Showing 2836 to 2840 news of total 6871 |
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- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Australian Coal Association
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
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