We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 25 December 13
SHIPPING : AS FAR AS THIS CYCLE IS CONCERNED, 'WE HAVE SEEN THE WORST....!' - JOHN N. COTZIAS
 In a week’s time the year comes to an end. Having been a speaker in two seminars over the past 5 days I was able to see the year ending trends and some very interesting points and findings that stood out which I would like to share with you. In the first half of 2013 the Dry Cargo freight markets, found Capes earning much less than all other dry bulk size segments. This was rectified after June and today the rates are currently more or less back in line with the respective carrying capacity and we hope that the momentum will feed through to 2014.
On the SnP front, activity was superb. We had more than 1,500 deals concluded so far in the year. The total USD outlay, from sales of which details are disclosed, is slightly more than $ 21bn. The respective figures for 2012 are 1,200 deals and $14bn outlay. Compared to 2012, S&P activity on average was up by 26-27% on just about every month. Dry Bulk vessels prices have increased significantly over the past 12 months. The most notable increase was noted in a 5 yr old Panamax that has shot up by more than 50%. Last year, you could buy a 5 yr old Panamax with $ 17-18m. Today with the same money you are just about purchasing a 10 yr old Panamax!!! Rising price didn’t deter investors from acquiring vessels. To the contrary we can say. The fact that conventional financing was practically scarce meant that a very important chunk of SnP deals was mostly financed by “own pockets” and/or alternative sources of finance.
Additionally, trust in the banking system was shaken this year. The fearful and sad scenario of thousands realizing that their bank deposits could suffer a tremendous haircut over-a-weekend, as it happened in Cyprus, made many shipowners and others turn into a what appeared as a much safer investment ; Shipping.
On the Newbuilding sector, we had many new orders, with more than 870 bulkers, 527 Tankers, 161 Gas Carriers and 243 Containers being contracted during this year so far. The majority of these contracts have gone to Chinese builders, whose share of orders this year amounts to more than Korea’s and Japan’s shares added up together. Non-availability of slots has taken off a lot of pressure from major shipbuilders to further reduce their prices and from a point onwards they actually started to charge a premium for earlier slots. However, if we still look back, current newbuilding prices are still on the low side.
Demolition stats show that more than 50m tons of DWT carrying capacity was taken from the world active fleet, compared to more than 60m tons in 2012. Nevertheless, last year was a record year and therefore difficult to match, therefore the fact that this year’s figure stands at these levels is still very significant. India appears to have been the leading demo country in both number of ships and dwt scrapped there, while China comes second in number of ships and 3rd in dwt. Demo prices hold firm, with the average since 2009 standing above $400 per ldt, always supported by the strong demand for steel. It goes without saying that the increased demolition activity we have seen over the past 4 years, tremendously helps alleviate the pressure of new tonnage entering the active fleet.
In general, we consider 2013 to be a year of momentum, with a lot of investment opportunities being “grabbed” by a number of players in the market. We are of the strong belief and share the opinion of many shipping professionals that, as far as this cycle is concerned, “we have seen the worst… !”
Happy New Year to All, full of health, joy, happiness and successful shipping deals!
Compiled by:
Intermodal Research & Valuations | research@intermodal.gr
Analysts:
Mr. George Lazaridis | g.lazaridis@intermodal.gr
Ms. Eva Tzima | e.tzima@intermodal.gr
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 21 January 14
PORT OF NEWCASTLE SHIPPED SLIGHTLY MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 20 January 14, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2. ...
Monday, 20 January 14
SUB-BIT INDONESIA COAL SWAP SEEN LOWER IN 2ND HALF OF 2014
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.78 pmt month on month on Friday 17 January 2014. T ...
Monday, 20 January 14
THE CFR SOUTH CHINA COAL MARKET APPEARS TO HAVE LOST DIRECTION
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 4.25 percept month on month and closed at US$ 79.48 per mt as ...
Sunday, 19 January 14
FREIGHT MARKETS SEE CONTINUED WEAK PERFORMANCE
COALspot.com: The market has continued to soften particularly in the far East/SE Asia sector.
The BDI was down 6 pct week on week, the index was ...
Friday, 17 January 14
US COAL PRODUCTION DOWN WEEK ON WEEK: EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.3 million short tons (mmst) of co ...
|
|
|
Showing 3896 to 3900 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
|
| |
| |
|
