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Sunday, 10 February 13
DRY BULK OVERSUPPLY OF TONNAGE SEEN WANING IN THE COMING MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It seems that the tide could be shifting in the dry bulk market, in terms of tonnage oversupply, according to the latest data figures. This could explain why some ship owners appear to be positioning themselves in the market, either with direct second hand tonnage purchasing or through new building orders. According to the latest report from shipbroker Intermodal, "on the dry side we are quite close to a more rational orderbook compared to the trading fleet. However, since the trading fleet has grown quite substantially over the past years, we believe 2013 will be another challenging year albeit, a good opportunity to make investments in shipping as prices have become quite attractive" it said.
Intermodal's analyst, Theodore Ntalakos noted that "the dry bulk orderbook today stands just over 1,500 vessels. Although close to 1,000 ships were delivered from shipyards in 2012 the final net growth of the dry fleet was “only” by 580 vessels. This represents a 7% increase of the fleet or 10% in terms of deadweight. Obviously the seaborne trade did not grow at the same pace. We expect the panamax/kamsarmax size to continue to be squeezed the most, since the largest percentage of the orderbook is scheduled to be delivered in 2013 bringing further good buying opportunities. On the supramax segment, the majority of vessels have been delivered, so we believe that the rates and prices are close to the bottom, hence their prices are more resilient than panamaxes", he concluded.
Meanwhile, "in the wet sector, the orderbook profile is much better. However, given that’s 2012 was yet another year of poor performance, it seems that we are still digesting the previously delivered tonnage. Obviously we are in much better position and may be closer to better days and hire rates, but with a much younger fleet. Purely from a supply side, we expect the suezmax sector to have the worst performance in 2013. However, if recovery in the wet sector comes before the awaited reduction in shipbuilding capacity and we see another spree of new orders, then the wet sector may double dip and then demolition will knock on the door of very young vessels" said the report.
Ntalakos concluded his analysis by noting that "for this broker the biggest dilemma is which sector one should chose for his investment. From which sector, size, age one should expect the better performance and healthier returns? Will try to address this in one of the next insights. Meanwhile, Gong Xi Fa Cai to all our Chinese friends and let’s see what the year of the Snake will bring us"?
Meanwhile, in the dry bulk market this week, according to shipbroker Fearnley's, "while the Panamax market is preparing for Chinese holidays next week it seems that many Chinese have already left the office for holidays. The Atlantic is weak with an oversupply of tonnage and little activity and we see voyage rates for transatlantic coal shipments are falling. TA rounds pay around USD 6-7k/day. The fronthaul market in ECSA has been more active this week, with many charterers aiming to cover positions before the holidays next week. But the list of ships ballasting towards ECSA is long as well. So the activity has not been able to make a positive impact on the rates. Going rate depends on the vessels eco speed performance, but the level is around 14k+400K del aps or around USD 7k if you take delivery in Singapore. The period market has been slow as well. Though we have seen a couple of short periods done in the Far East at around USD 7-7.5k daily" the shipbroker's report mentioned.
In the Capesize segment, it noted that "it´s been a more active week in the Pacific, with a good number of fixtures and rates for West Australia/China presently around USD 7.40. Saldanha/China is USD 13 and fronthaul is improving with rumours USD 18.50 been fixed for Tubarao/Qingdao, an improvement from last done at USD 17.80 earlier this week. The period activity is steady in terms of number of fixtures as well as a predictable level" Fearnley's concluded.
Source: Nikos Roussanoglou, Hellenic Shipping
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Tuesday, 12 February 13
GOVERNMENT DECLARED INDONESIAN THERMAL COAL PRICE INCHES UP IN FEBRUARY
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in February 2013.
The monthly coal refere ...
Monday, 11 February 13
NEWCASTLE PORT SHIPPED 23.01 PERCENT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,967,761 MT of thermal and coking coal for week ended 0700 hours 11 February 2013, Newc ...
Sunday, 10 February 13
INDONESIA SUB-BIT SWAPS: "UP" - CFR SOUTH CHINA SWAPS: "DOWN"
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.72 percent W-O-W and CFR South China coal shipme ...
Sunday, 10 February 13
HIGHER BUNKER PRICE PUSHES SEA FREIGHTS FIRM - REDDY
COALspot.com - The freight market was soft and all at same levels with Chinese year holidays next week.
The BDI was slightly down by 0.27 pct ad ...
Friday, 08 February 13
NORTH P&I CLUB WARNS OF LIQUEFACTION RISK FOR BAUXITE CARGOES
The ‘A’ rated 170 million GT North P&I club has warned shipowners carrying bauxite aluminium ore cargoes that they have the potentia ...
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- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
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