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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
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Thursday, 19 August 10
INDONESIA EXPORTED 5.93 MLN TON OF COAL TO CHINA AND 3.52 MLN TONS TO INDIA IN JULY
COALspot.com: Indonesia shipped 3.52 million tones of thermal coal to India in July, fell 25.39 percent compared to June's exports of 4.71 million ...
Thursday, 19 August 10
WBPDCL INDIA LAUNCHES SPOT COAL TENDER
COALspot.com: The West Bengal Power Development Corporation Limited (WBPDCL ), A Govt. of West Bengal Enterprise, has launched spot contract tender ...
Thursday, 19 August 10
PANAMAX BACKED BY A STRONGER SHORT PERIOD MARKET AND SUPPORTED BY SOME FRESH REQUIREMENTS - FEARNBULK
Handy
The events of this week have confirmed our assessment of last week i.e. activity gradually picked up in the Atlantic with more enquiry seen ...
Thursday, 19 August 10
CSC TO SHIP COAL FOR NOROCHCHOLAI POWER PLANT
Daily Mirror reported that, coal for the Norochcholai Power Plant will be shipped to the country by the Ceylon Shipping Corporation (CSC) officials ...
Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...
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- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Australian Coal Association
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
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