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Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the freight rate this week. According to the industry’s benchmark, the Baltic Dry Index (BDI), the week ended with a small loss of 1.27% at 2727 points, with Friday being the only positive session after five straight losing ones. According to shipbrokers, this week could be a better one, with cold weather in China seen as the major contributing factor to a potential increase of coal demand. Meanwhile, the capesize segment of the market managed to stay ahead of the pack, with Chinese iron ore demand retaining freight rates to very firm levels (weekly gain of 0.64%), while average earnings are now at a healthy $45,657 per day.
According to Arctic Securities, a a drawdown of iron ore inventories in China and high domestic prices were likely to lead to high iron ore imports the fourth quarter. In its weekly report, N.Cotzias Shipping Group mentioned that although this week’s changes were minimal, high volatility is the key of all markets and the constant upswings followed by quick rapid downfalls that are mostly recovered within the month, have caused a greater degree of uncertainty to the market. “Deals are performed but the overall question of most shipping investors is that these shorter term volatility fluctuations don’t really pose investment opportunities based on “proper timing”. How can you time your investments when secondhand prices are considered to be on the “high” side remaining fairly stable and don’t have the time to follow the ups and downs of the freight markets? In any case what can still be considered a blessing is that the dry bulk market daily earnings are well above any critical survival levels and only expensive ships acquired during the Feb 2007 - Jul 2008 period with a greater degree of leverage, can be considered as possible “sufferers” even at today’s rates” the shipbroker said.
In terms of deals, Golden Destiny reported 31 sales in the secondhand and demolition market this past week. The highest activity has been witnessed in the newbuilding market with 25 orders reported in total. In the secondhand market, 20 vessels reported to have changed hands this week equalling a total amount of money invested around of $367,250,000, with only 1 transaction reported on private terms. In terms of reported number of transactions, the S&P activity has been marked with a 35% negative w-o-w change while is standing at same levels of previous year’s weekly S&P activity in terms on number of transactions. The bulkcarrier sector attracted most interest from the investors’ side, with an investment capital of $274,400,000, around 74% share of the total invested capital in the S&P secondhand market.
“In the demolition market, 11 vessels reported to have been headed to the scrap yards of total deadweight just 443,712, with the most of activity being concentrated on India. In terms of reported number of transactions, the Demolition activity has been marked with 57% positive w-o-w change whereas the demolition activity mostly concentrated on smaller size vessels. In terms of scrap rates, the highest scrap rate has been achieved this week in the dry sector by India for two Ro-Ro / passenger vessels at $ 465/ldt.
At a similar week in 2009, just 3 tanker vessels were reported for scrap equalling a total deadweight of around 172,278 tons, two of them headed Bangladesh and one Pakistan, at a price around $320-330/ldt The Greek presence has been noticed this week in the secondhand market with 5 transactions reported, three in the bulkcarrier sector, one in the tanker sector, however the company is US listed and one in the Gas tanker sector, equalling a total amount invested around US$ 140,600,000, while in the newbuilding market just one order for four Post Panamax Containers was reported at private terms.
In the newbuilding market, 25 vessels reported to have been ordered equalling a total deadweight of 2,975,300 tons, while at similar week in 2009 15 orders have been reported, 10 in the bulkcarrier and 5 in the Tanker sector. The total invested capital in the newbuilding business estimated to be around of of US$ 1,019,800,000, while 16 transactions reported on private terms. In terms of reported number of transactions, the newbuilding business has been marked with a 47% positive w-o-w change with Bulk carriers, Tankers and Containers being in the front line. This week the Greek presence was noticed in the Container sector, with an order for 4 8,500teu vessels, contracted at private terms, however the deal is rumoured to have some subjects attached” reported Golden Destiny.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
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- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Cement Manufacturers Association - India
- White Energy Company Limited
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
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