We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger vessel types of Capesizes, shipbrokers have suggested that it will be the demand aspect of the equation, which will determine whether the market will return to healthier levels during 2013. According to a report from shipbroker firm Intermodal, the rally in charter rates that has been recorded over the past three months has been in high contrast to the overall performance of Capes throughout 2012.
"It's been a completely uninspiring year with the Cape index hovering between 1,000 and 1,500 points for the first 9 months, only managing to break through this range in early October, as a strong drive in iron ore fixtures, mainly supported by the vast stockpiling undertaken by the Chinese, helped push the Index to just over 2,500 points. It is important to point out that we had a peak during November in China’s iron ore imports, which reached their highest level for 2012 and similar only to the volumes seen the same period last year, where rates for capes followed almost the same pattern.
The iron ore market has now turned on its head, as imported ore prices exceed that of the average Chinese produced supplies for the first time since June this year. There is now little reasoning for haste stock piling to take place, especially since prices have reached over $ 124 per dry metric ton, while at the same time arbitrage between local sourced supplies and those shipped from Brazil and Australia is limited. On the plus side much of this firming in prices has been generated by optimism amongst traders that the new improved economic figures coming out of China could propel demand for iron ore much higher over the next couple of months. This has possibly created a speculative sentiment and possibly a situation where we could see a spike in demand within early 2013" wrote Eva Tzima.
She argued that "opportunities have already been unveiled during this final quarter, as the nine-month period of sub-par earnings have started to be reflected in asset values. Despite the overall absence of new orders, newbuilding prices seem to have stopped their drop and are not looking likely to have room to fall much further. On the other side of the equation, we have the fairly strong demo prices on offer keeping the scrap value of a typical capesize bulker (~22,000ldt) well above $ 8.0m. This has created a squeeze in the secondhand market, which, in combination to the drop in prices, means that considering both the newbuilding cost and current scrap value, assets are fairly favorably priced. The most notable example is the case of 15year old vessels which have lately been valued at levels of around $ 11.0m, only 38% higher than their residual scrap value. This has also been heavily reflected in the higher SnP activity noted for 15-20year olds, which accounted for 35% of all cape sales this year".
Concluding, Tzima noted that "we may well have expectations for a slower fleet growth rate of just above 6% next year, however even this may prove to be overwhelming if iron ore and coal seaborne trade keep trending at the same sluggish pace of the first three quarters of 2012. As has been shown in the past 3 months, it all comes down to the support the Chinese government will give to its stimulus plan and by how much this will feed through into the market via growth linked commodities demand and increased infrastructure development" she said.
In terms of newbuilding activity, which is always a determining factor in terms of supply, Intermodal's latest report noted that "there is still some small activity in the newbuilding sector despite the fact that we are approaching the end of the year. It is evident that the wet rather than the dry sector has fed higher activity for the shipbuilding industry this year. With the recent example of Scorpio’s large order reported last week, it is fair to assume that the support from the wet sector has been due to demand for new ECO designs as well as shuttle tankers that have gathered quite a few supporters within the industry. Market sentiment holds the belief that newbuilding prices might have already , or are close to reaching their bottom, especially since steel prices have been firming during the second quarter of the year and one can safely assume that it wont make much economic sense for yards to push their newbuilding prices further down. In terms of reported deals this week, BP has also shaken the wet market with its order last week at STX, Korea of ten Aframaxes for high $50m each and 3 Suezmaxes for high $60 each, for delivery between 2015 an 2016. The vessels are of very high specification including a lot of extras as well as Salt Water Scrubber system in order to comply with tier 3 SOX requirements".
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 04 December 12
NEWCASTLE PORT SHIPPED 55.88 PERCENT MORE COAL W/E 3 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,796,341 MT of thermal and coking coal for week ended 0700 hours 3 December 2012, Newca ...
Sunday, 02 December 12
YEAR 2013, YEAR OF SUPPLY OR DEMAND?
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1 2013 delivery gained 2.87 & 0.83 percent MoM and WoW respectively ...
Saturday, 01 December 12
TIGHT SUPPLY, DEMAND PUSH INDO-INDIA SUPRAMAX FREIGHT RATES HIGHER - VISTAAR
COALspot.com - The freight market was mixed this week as cape and Panamax indices are closing softer.
The BDI was down 0.37 pct closing at 1,086 ...
Friday, 30 November 12
FUTURE TREND OF SECOND HAND SHIP VALUES PUZZLING SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the major challenges that ship owners are facing today is whether or not to invest in a second hand vessel at any given time. For instance, i ...
Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
|
|
|
Showing 4476 to 4480 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Planning Commission, India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- The University of Queensland
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
|
| |
| |
|
