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Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
 With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed to stay above the 4,000 point mark, among the highest levels reached since the financial crisis back in late 2008, led to a collapse of the shipping markets as well. According to the latest Hellenic Shipping News poll, where a total of 4,605 votes were casted, China’s iron ore imports will continue to be the leading factor determining the course of rates.
A total of 1,707 of answers or 37.1% said that this will be the most important gauge for rates, as was the case in the previous years – and especially during 2009 – as well. An equally important 22.4% of votes or 1,031 in total said that newbuiling deliveries, directy affecting tonnage supply will be the main cause for altering the course of freight rates. With capesize deliveries during the first quarter of the year reaching record levels, many analysts remain cautious about the prospects of the market, especially during the second half of the year, when more deliveries have been scheduled.
Similarly, newbuilding cancellations will be the third most important factor according to the Hellenic Shipping News readers. A total of 13.9% or 638 voters claimed this very thing, as more cancellations could help alleviate future supply pressures, although that can’t be said for 2010, but more for 2011 going forward. The same alleviating consequences can derive from the scrapping of older dry bulk carriers, which was the fourth most important factor, accumulating 620 votes (13.5% of the total). So far this year, demolition activity for dry bulk vessels has remained quite low, as prices for second hand carriers began firming up. Still, scrap prices have exploded, which in turn has prompted scrapyards to increase their offers towards ship owners to near record levels. Despite these developments, most ship owners weren’t enticed and preferred to keep their older ships in service, at least as long as freight rates are at levels which sustain profitability to satisfactory levels.
Another factor (609 answers or 13.2%) which could keep rates at high levels is the rapid increase of coal imports from the powerhouse of India. The country has tremendous needs of electiricity producing coal, which could see this year’s imports increase to 100 million tons. As a result, many analysts expect the creation of another major dry bulk market for seaborne trade, after the emergence of China early in the decade.
During this month (June) we return to one of your favorite questions. We ask readers about the level of the BDI (Baltic Dry Index) during the second half of the year, proving a range of choices, from the pessimistic end to the more optimistic one. With many analysts doubting whether the market can sustain today’s high levels, it would be rather interesting to see what you think.
Finally, for those of you who will attend this year’s Posidonia Exhibition, don’t forget to stop by the Hellenic Shipping News Worldwide “Dry Bulk Forum”, scheduled for Thursday, 10th of June, from 10:45 am to 12:45 pm. Speakers include Mr. Dale Ploughman, CEO of Seanergy Maritime Holdings Corp., Mr. Dimitris Nenes, President and COO (Chief Operating Officer) of OceanFreight Inc., Mr. Christofer Thomas, Chief Financial Officer of Paragon Shipping Inc., Mr. Ted Petropoulos, head of Petrofin Research, Mr. George Xiradakis, CEO of XRTC Business Consultants and Mr. John Pachoulis, President of the Hellenic Shipbrokers Association.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
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- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
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