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Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slower demand growth pushed freights rates lower. According to the latest weekly report from shipbroker Intermodal, the Baltic Dry Index averaged at 920 points, the lowest level in over 25 years, while it was only the second time in history that the BDI dropped below the 1,000 point mark on average during a whole year.
According to an analysis from Intermodal's Yannis Olziersky, "except for the expected seasonal gains (March – May & September – November), which even these were subdued this year, freight rates have remained under pressure and in many occasions vessels were forced to trade below their OPEX as demand throughout the year didn't grow by as much as was needed; the recessive economic conditions in the developed countries (EU and US) and the slowing down of economic growth in the emerging countries, widened evermore the gap between supply and demand, resulting in one of the worst years for the dry bulk sector" he said.
Looking forward into 2013, the shipbroker's report points at a few parameters of the market that could offer room for some fresh opportunities and the basis for renewed hope. "Although much of the fundamentals point towards another difficult year, there is a small glimpse of hope in the horizon that we may be surprised and see things turn out much better then we initially expected. For instance, "net fleet growth is slowing down despite the large number of deliveries scheduled over the next twelve months. Scrapping activity hit a record number in 2012 with approximately 52mdwt (approx. 34mdwt of these where dry bulkers) removed from active service, while the presently firm prices witnessed in the demo market are substantial basis that this momentum can be maintained in 2013 and possibly even feed another record scrapping year! Some investments on the second hand dry market made by shipowners with long and respectable tradition in the shipping market point towards the presence of optimism (although only slight) for the future prospects as well as potentially the presence of prime conditions for asset play. A new monthly high record of Chinese iron ore imports in December and an annual record of 740mt show that China is still ramping up its industrial production and still there to support the bulk carrier fleet" Olziersky said in his report.
Concluding the argument, the shipbroker said that "although the above points indeed provide some room for optimism for the future, the pace of new additions in the dry market along with the current global economic turmoil, creates some scepticism and hesitance as to whether the rebound is just around the corner or still a long way away. On the other hand and as has been mentioned countless times, opportunities can always be found during crisis and adverse market conditions. With present asset values standing close to their historical lows and having been in a “shipping crisis” for almost 5 years now, it might not be such a bad idea to invest now after all" it concluded.
Meanwhile, in the newbuilding market, a crucial element of future fleet growth, Intermodal said that is was another fairly busy week, especially when compared to market expectations. "While it is the wet sector that appears to be enjoying most of the newbuilding interest, especially in the product/chemical segments, the container market has finally shown some signs of life this past week. For an extremely troubled sector that has seen the average vessel size increase significantly throughout the years, containers are looking like they might slowly make a small comeback as far as new orders are concerned, especially when big market players like Seaspan are still willing to place such impressive orders. In terms of reported deals this week, Jebsen (Norway), placed an order of 3 Kamsarmaxes at the shipyard JV of Universal-JMU in Japan for an excess of $30.0m each. The price reported is impressive when compared to previously reported deals and current price levels and proves that Japanese yards are still in a position to charge a considerable premium to competing shipbuilders elsewhere" the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
Tuesday, 15 January 13
GRANT SMITH APPOINTED GROUP MANAGING DIRECTOR OF BRAEMAR ADJUSTING
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effe ...
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Showing 4416 to 4420 news of total 6871 |
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- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Australian Coal Association
- PTC India Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
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