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Saturday, 05 October 13
CAPESIZE EARNINGS SKYROCKET AS A RESULT OF INCREASED CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
An increased iron ore demand has triggered this latest dry bulk rally, which could get yet another boost during next week, when China is expected to return to the global market. According to this week's report from shipbroker Intermodal, "the surge in iron ore trade has translated into a massive boost in daily earnings for capes; with the demand for such vessels skyrocketing over the last couple of weeks. The gains noted for Capes are certainly impressive when considering that rates have recovered from below US$ 4,000/day noted back in June 2012!"
According to Intermodal's SnP broker, Mr. Tasos Papadopoulos, "as a comparison, this time last year, iron ore had “crashed” down to just US$ 86/tonne, in a sudden shift that took the industry by surprise. This had primarily been the drive for last year’s seasonal round of restocking, however it seems that it was nowhere close to the excessive demand witnessed over the past couple of days", he noted.
He added that "Capesize vessels provide the best insight into the health of the Chinese economy; and despite analysts having projected a slowdown in Chinese growth; China continues to import in order to replenish its supply. China's aggressive iron ore restocking has encouraged a surge in demand while near-term prospects remain promising!
China is forced to import iron ore, as their inventories have declined significantly, down by 27% from their February 2012 highs. There have been large volumes of Chinese buying and restocking from both Australia and - more importantly - Brazil and the year could end on a high note", Papadopoulos noted.
But the question that's on everyone's mind at the moment is, how long will this latest Capesize rally last? According to Intermodal's analyst, "we expect Capesize rates to remain firm as long as Chinese iron ore restocking continues. Having said that, we have several examples from the recent past, where once the seasonal restocking process was over, we witnessed drops in freight rates which were just as quick as their preceding rise.
However, the present surge looks likely to be sustained for a bit longer, as it appears to be supported by improving fundamentals in China's steel production and consumption. All the evidence points towards the fact that steel production and consumption in China is to continue to steadily grow, maintaining China’s iron ore imports at healthy levels in respect to the supply of vessels", the shipbroker noted.
As per Mr. Papadoupolos' analysis, "what is worth highlighting here is, that for the moment, only iron ore demand has picked up considerably and it has mostly been Capesize owners that have basked in the sun, while there has been limited spill-over effects noted in the panamax sector and at the same time Supras and Handies seem to be mostly unaffected".
Will this boost in freight rates remain limited only to the larger segments or will we eventually see benefits trickle down to the smaller sizes? According to the analyst, "for the moment it seems as though these surplus rates are a privilege only the Capes can indulge in and as we have yet to see any spikes in demand for commodities such as grain or coal, the mere positive sentiment created by higher earnings may not be enough yet to provide a solid foundation for a complete dry bulk market recovery", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News Worldwide
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Tuesday, 15 October 13
CHINA COAL IMPORTS TO KEEP GROWING IN THE YEARS TO COME, ALBEIT AT A SLOWER RATE - EVA TZIMA / NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest monthly report, shipbroker Intermodal highlighted the growing role of coal in the energy mix. According to Intermodal's research anal ...
Tuesday, 15 October 13
NEWCASTLE PORT SHIPPED 6.50% MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 6.50 per cent week on week to 3.19 million mt for ...
Monday, 14 October 13
MEMR OF INDONESIA SETS THE COAL'S SPOT PRICE AT US$ 76.61 FOR OCT'13 DELIVERY
COALspot. com - The Indonesian government has revised down government declared coal bench mark price by US$ 0.28/ MT to US$ 76.61 for October 2013 d ...
Monday, 14 October 13
CARBON POLICIES UNLIKELY TO PREVENT A COAL-FUELLED WORLD - WOOD MACKENZIE
China will propel coal growth but US, Europe and Asia will sustain global demand.
At the World Energy Congress (WEC) today Wood Mackenzie's Pres ...
Sunday, 13 October 13
Q4'13 DELIVERY SUB-BIT INDO COAL SWAP FALLS SEVEN STRAIGHT WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 1.72 percept month on month on Friday 11 October 201 ...
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Showing 4066 to 4070 news of total 6871 |
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- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
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