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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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Friday, 16 October 15
MAJOR REVISION OF NYPE TIME CHAPTER PARTY - BIMCO
Major revision of NYPE time charter party promises to be both balanced and comprehensive
BIMCO has today jointly issued the first revision of ...
Friday, 16 October 15
FOB INDONESIA COAL SWAP FOR Q4'15 DELIVERY FLAT WEEK OVER WEEK; DOWN 5.5 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and flat week over week.
The Q4 swap declined $ 2.23 (-5.51%) ...
Friday, 16 October 15
COAL PRODUCTION IN THE UNITED STATES DECREASED THIS WEEK; DOWN 11.3 PER CENT Y-Y, DOWN 3.5 PERCENT W-W
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.1 million shor ...
Friday, 16 October 15
INDONESIA REJOINING OPEC DESPITE BEING A NET IMPORTER OF PETROLEUM - EIA
The Organization of the Petroleum Exporting Countries (OPEC) notified Indonesia that it plans to accept the country's request to reactivate its ...
Thursday, 15 October 15
INDONESIA COAL PRICE REFERENCE FALLS FOR SEVEN STRAIGHT MONTH IN OCTOBER
COALspot.com - The Director General of Mineral and Coal of Indonesia once a again revised down Indonesian coal benchmark price this month.
The ...
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- Indo Tambangraya Megah - Indonesia
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- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
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- Indonesian Coal Mining Association
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- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
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- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
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- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- The University of Queensland
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- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
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- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- CNBM International Corporation - China
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- Goldman Sachs - Singapore
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- Petron Corporation, Philippines
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- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
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- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
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- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
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- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
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- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
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- Bulk Trading Sa - Switzerland
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Parliament of New Zealand
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- Bhoruka Overseas - Indonesia
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- Australian Coal Association
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
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- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
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- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
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- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- White Energy Company Limited
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Wilmar Investment Holdings
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- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
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