We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With rates now closing in to $10,000/day for a capesize, it’s just a matter of time before some owners at least begin considering even the option of layoffs, as the market’s downturn is such that it could simulate the conditions prevailing during the financial crisis of the final months of 2008. Of course, global dry bulk trade is far from the state it was back then, demand for goods is solid and the global economy is in a large part recovering, although at a slower than expected pace.
Still, capesize rates have kept on falling, ending yesterday down by 3.86 percent, according to the Baltic Exchange. This meand that the market for capesizes has fallen by more than 25% since Christmas Eve. “Although the Atlantic held up for a while, by the end of the month it had attracted ships from the Pacific, ensuring rates softened in both markets” said shipbroker BRS (Barry Rogliano Salles) in its weekly report. As a whole the BDI fell by 1% yesterday to reach 1,480 points a new low in more than two years. The only bright spot seems to be the Panamax market, which has continued to find support and widening its gap in terms of daily earnings from its larger counterpart, the capesize segment.
According to N. Cotzias Shipping Group, “the negative trend that was there during week 51 of 2010 continued well into 2011 and the overcapacity issue that we had repeatedly warned the markets from late 2009 is here to cause more headaches during 2011. We expect the indexes to further reduce their values at least in the larger size segments and any possible recover will be temporary and short lived. What is worth stating is that as long as the developed world markets don’t get seriously into a post –recession stage, and keep operating at idling speeds then the rest of the world and the shipping markets can’t rely solely on China to keep producing the steam for all the world. The load on China’s back is too heavy and unless there is another China… invented in 2011 we feel that the scales that measures the rise in demand for seaborne goods vs the rise in supply of new dry cargo ships will heavily tip over one side… and we all know which side of the scales is already heavily imbalanced!” said the company in its latest report.
As far as overcapacity goes, Cotzias notes that there is a total of more than 3,500 dry bulk carriers on order pending until 2014 of a total of 250mil tons dwt. “These orders are split chronologically as follows: 1854 ships are due for 2011 making up a total of 128mil dwt, 1106 ships due in 2012 of 87mil dwt and 360 ships of 30mil dwt due for 2013-2014. In total there is a massive orderbook only on the Bulkers section and we should not understate the fact that 2011 faces us with more than 55% of the total orderbook scheduled for delivery and that we should also include in this 114 orders of 4mil dwt that are “carried forward” from 2010. The outlook looks worst for Supramax size segment where the total fleet adds up to 69mil dwt tons and has more than 36mil tons to come in the next 2 years included the ships that are “brought forward” as outstanding orders from 2010 (58% possible increase in the next 2 years). The second worst size segments are the VLOC’s andthe Post Panamax sectors that have nearly as much capacity coming within the next 2 year period as the fleet sums up today (we observe a near 100% increase over the next 2 years). The Handymax size segment is looking much better as the orders here are minimal and have also a very largely over-aged fleet with more than 70% being 20 year + in age and the new building orders not exceeding 4mil tons of extra carrying capacity. The Capesize size segment is also largely on threat as the present fleet amounts to 183 tons presently with more than 69mil tons on order until 2012. This will lead to a 38% increase in the fleet that will be shocked by the addition of 25mil more in the larger Very Large Ore Carriers that will act not as a domino effect but more like the Cliffhangers that when one falls over… the weight and pressure is put on the others still hanging solidly on the cliffs to support the rest” said the shipbroker.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
|
|
|
Showing 5506 to 5510 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
|
| |
| |
|
