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Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery is not visible in the horizon. This latest negative trend is actually proving those analysts, that had predicted a slowdown in the market before the year’s end, right. They were arguing that the current balance between demand and supply is in favor of demand, with the flurry of new building vessels being such, that it couldn’t be absorbed by the market. At the same time, shipyards around the world are speeding their deliveries, a sort of «tradiiton» during these past few years.
As a result, yesterday the Baltic Dry Index, the industry’s benchmark was down by another 0.87% to 1,814 points. As was the trend mid-week, all major dry bulk ship segments were on the red, with the Capesizes setting the trend. The larger Capesize ships lost 1.33% yesterday, with the relative Baltic Capesize Index (BCI) now standing at 3.042 points. Similarly, Panamaxes were down by 1.03% to 1,822 points, while Supramaxes lost an additional 0.14%. "With demand still weak as being indicated by negative developments in steel price futures and expected to moderate further in seasonally low 1Q, we believe the capesize rally in 2H11 primarily on back of robust steel production and Chinese inventory build-up could reverse as trend reversal occurs," RS Platou Markets said, quoted by Reuters.
In a recent analysis, Tasos Papadopoulos from shipbroker Intermodal said that “shipping’s obvious dependence upon China and her extraordinary growth highlights the importance of understanding China's resource-based foreign policy and its priorities. China has only begun to build out its renewable energy program, its urbanization efforts are perhaps only 30 or 40 per cent complete-bringing its masses of rural workers into the modern urban world- and even greater stockpiles will have to be accumulated for the coming years. Chinese are relentlessly long-term thinkers and have proven themselves remarkably good at achieving goals set in past five and ten-year plans.
Nowadays, almost everyone accepts that fossil fuels (oil, coal, natural gas) are in short supply and not long-term solution to power the world's economy. It was a mistake to take fossil fuels for granted and today it is a mistake to take virtually any material for granted. Therefore, CCP (Chinese Communist Party) has a stated goal to generate 15 to 20 per cent of its primary energy consumption from alternative energies (wind, solar, hydro and nuclear) by 2020. China, having early realized this fact, is rapidly accumulating a lion's share of metals that are critical for a switch to renewable energies such as silver, copper, zinc and the so-called rare earth elements (neodymium, indium, europium, cerium, lanthanum etc). It is clear that China is moving forward as quickly as it can to obtain these essential materials before the developed world mobilizes with the same goal. In this sense, Chinese mine copper in the world's most dangerous places (China Metallurgical Group Corp, a state-owned conglomerate, paid $3.4 billion for the rights of Aynak copper field, one of the biggest foreign investment in the history of Afghanistan), have made infrastructure-deals in order to secure long-term supplies of resources with at least 35 African countries, and signed notable aggressive agreements with Brazil, Bolivia, Venezuela, Ecuador and Argentina in order to gain access to Latin America's mineral wealth” said Mr. Papadopoulos.
He went on to state that “China's over spending on infrastructure is a significant down payment on their long-term plan described above which incorporates a major goal: A better life for its populace. A large percentage of the population still living in the countryside and farming in a traditional communal-style manner, but it’s estimated that "China's rural population will shrink from the current 900 million to 400 million in 30 years". There are already newly built cities that have roads, buildings, mass transit systems and indeed everything but residents! The benefits on the world trade, when these cities will be inhabited, are obvious. Just to mention that China currently only has around fifty cars per thousand people. In the Western world, not only does there seem to be no such strategic plan to secure resources but also China is in far better financial shape and flexibility, with its huge trade surplus, in comparison with the indebted anaemic economies of USA, Japan and Europe. China has identified the truth that if you solve "energy" you solve most other problems. If oil goes up, so does the cost of delivering iron ore, so too does the cost of mining coal and so do the price of finding more oil” concluded Intermodal’s Tasos Papadopoulos.
Source: Nikos Roussanoglou, Hellenic Shipping
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Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...
Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
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- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- White Energy Company Limited
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
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