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Tuesday, 20 October 15
SHIPBROKER SEES CAPESIZE RATES EASILY REACHING $25,000/DAY BY YEAR-END : NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The future course of the dry bulk market has been troubling market participants for quite some time now, as the “elusive” freight rate rally never seems to materialize, at least in terms of a viable market situation. In its latest report, shipbroker Allied Shipbroking noted that “with the month of October already in its second week and the dry bulk market still in decline a split in opinion has started to emerge, with many still expecting a rally to be seen during the course of the final quarter of 2015, while others are more cautious noting a weakness in the paper market and a lack in activity in the actual market. The truth is that despite a slight increase in interest and an influx of demand from the Far East, rates have yet to show a positive face”.
Αccording to Allied’s George Lazaridis, Head of Market Research & Asset Valuations, “we have seen a growing interest in both the Pacific and North Atlantic basin over the last days which should generate a fairly good momentum moving forward, while in the Capesize market the recent improvement has been noted without the help of the main West Australian or Brazilian shippers, which as things stand now are still waiting in the sidelines. Taking into consideration the late emergence of the summer rally and given that commodity prices are once again at close to some of their lowest levels, it shouldn’t be long before traders react, looking to take advantage of the cheaper prices on offer and pulling in all their re-stocking demands for the period”.
Lazaridis added that “in the case of the Capesize and Handysize vessels, this looks to be a double gain, as we only need to see a similar rise in interest as the one noted last year during the same period in order to generate an equal improvement in freight levels, given as the fleet size of both these size segments has remained overall unchanged during the past 12 months. Taking the same consideration for Panamaxes and Supramaxes things aren’t as rosy, as their respective fleets have shown a notable increase since then.
Nevertheless, things have been more positive for these size segments thanks to the improving demand from India which is driving bigger interest in the Pacific for these vessels. As such it wouldn’t be an exaggeration to place a base case scenario of the Baltic TCA rates in the Supramaxes and Panamaxes surpassing at some point the US$ 10,000/day mark before the year closes, while Capesizes should easily reach the US$ 25,000/day mark”, Allied’s analyst noted.
Yet, as Lazaridis pointed out, “despite this and beyond the fact that it seemed as if we had reached bottom in terms of asset prices, it now looks as though the direction here is also on the verge of a change. Unfortunately and given the large influx of modern sales candidates that have entered the market in the past weeks, while also taking into consideration that a large portion of these are from troubled owners, expectations are for another drop. The main issue here is by how much and with market dynamics, namely the freight market and supply of sales candidates, moving in opposite directions, we will inevitably see a “tug of war”. What will push the scale in favor of softer prices will likely be the lack of market optimism, as few out there are hopeful in terms of the prospects of the first quarter of 2016 which will follow thereafter”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 09 November 15
CFR SOUTH CHINA THERMAL COAL SWAP FOR Q3' 16 CONTRACT DECLINED US$ 4 PER TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 4.35 (9.03 %) per ton month over month.
A commodity swa ...
Monday, 09 November 15
INDIAN THERMAL COAL IMPORTS SURGED 18%; COKING COAL 6.31% DURING APRIL-OCTOBER: BUSINESS-STANDARD
Indian thermal coal imports surged 18% at the country's top 12 major ports to 55.90 million tonnes (MT) in the first seven months of the curren ...
Sunday, 08 November 15
THE FREIGHT MARKET KEEP DROPPING THIS WEEK - VISTAAR
COALspot.com: The freight market keep dropping this week.
The BDI down 12.48 percent week on week and closed at 631 points on 6 November 2015. ...
Sunday, 08 November 15
CAPESIZE FREIGHT RATES IN AUSTRALIA-CHINA ROUTES OVER 50% CHEAPER THAN BRAZIL-CHINA ROUTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China’s mining and steel industries are facing tectonic shifts over the past couple of years, with the country’s limiting of coal use, ...
Friday, 06 November 15
COAL PRODUCTION IN THE U.S. FELL SHARPLY FOR THE WEEK ENDING OCTOBER 31
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.6 million shor ...
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- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
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