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Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates on some Capesize routes reaching a three-month high, the start of the new week brought this upward trend to a halt. Specifically, the BDI fell by 10 points to 1,856 points, with all major indices in negative territory. The Capesize segment of the market, which led most of the gains last week was lower yesterday to 3,390 points, while Panamaxes were also a bit lower to 1,693 points (Baltic Panamax Index).
In a statement from the Bedford Report, coal exports are recovering from supply disruptions in Australia, coinciding with a seasonal boost in shipments of the fuel and of grains, said Ole G. Stenhagen, an analyst at SEB Enskilda ASA in Oslo. The BDI's dramatic ascent could be short-lived, however. Khalid Hashim, managing director of Thai-listed Precious Shipping, told an industry conference he saw the BDI falling to as low as 1,000 points by year's end due to more ships taking to the seas. Reports from Reuters state that the dry bulk fleet -- responsible for shipping iron ore, coal and other commodities -- was expected to grow 13 percent this year to top a record 600 million deadweight tonnes despite demand rising by just 5 to 8 percent.
Still, fleet growth will outpace demand for commodities shipped in bulk and market sentiment will again turn negative in 2012, JPMorgan Cazenove said in a report at the end of the week, as mentioned in a Bloomberg article. Rates for single-voyage and longer-duration charters across the shipping industry are 60 percent lower than 10-year averages after owners ordered too many vessels before a 2008 collapse in rents, analysts led by London-based Christopher G. Combe said in the report. Deliveries of dry-bulk vessels will peak in 2012 based on outstanding orders for new ships, according to JPMorgan Cazenove, which initiated coverage on five maritime and offshore companies.
Meanwhile, in a separate story from Bloomberg yesterday, quoting Macquarie Capital Securities Inc., the Baltic Dry Index will take until 2014 to exceed an average level of 2,000 points, as iron ore production runs below estimates. “We believe 2012 will be the low point for rates, but that the recovery back to a BDI average of around 2,000 will take until 2014,” the bank said. Top global producer Vale SA’s output of the steelmaking raw material will be 26 percent lower next year than projected by the company in 2007, Macquarie said in a report e-mailed yesterday. That equates to a shortfall of 110 million metric tons, it said.
At the same time, the fleet is set to expand more quickly than demand to ship commodities, the report showed. The dry-bulk fleet’s growth next year will outpace an estimated 8 percent gain in demand to transport commodities by sea, even as scrapping of older vessels surges 48 percent, Macquarie analysts said in the report.
“Macquarie predicted the most pressure on earnings over the next two years for capesizes and panamaxes, the two largest dry- bulk vessel classes. They have the greatest surplus of capacity, the analysts said. The largest and smallest capesize subclasses, so-called very large ore carriers and mini-capes, had the biggest oversupply, Macquarie said, citing a presentation from Ian Sheriff, a representative of Zodiac Maritime Agencies Ltd. The London-based ship operator has a fleet of 34 capesizes and 13 very large ore carriers. Dry-bulk ships with a combined capacity of 37 million deadweight tons will be demolished next year, up from 25 million tons in 2011, the report showed. Vessel deliveries will drop to 70 million tons from 96 million tons this year, Macquarie forecast” said Bloomberg.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 11 January 12
NEWBUILDING ORDERS DECLINE, AS SHIP OWNERS REALIZE OVERSUPPLY WILL "KILL" THEM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With 2012 now underway, it will be rather interesting to see how ship owners will play the "newbuilding ordering" card to their favor, as ...
Tuesday, 10 January 12
THE 4TH DEEPWATER ASIA CONGRESS 2012 WILL KICK OFF ON MAY 23 - 25
Press release - Based on the past three years’ success, SZ & W Group is excited to announce the 4th Deepwater Asia Congress will be held o ...
Monday, 09 January 12
2012: WHAT WILL IT BRING FOR THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A further increase in dry bulk demand could be the remedy for most of the industry's oversupply issues, together of course with the high level of s ...
Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ...
Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR
Wish You a Very Happy and Prosperous New year 2012.
COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would ...
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- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- The University of Queensland
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Australian Coal Association
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
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