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Friday, 25 April 14
DRY BULK MARKET LOOKING FOR NEW TRACTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market seems to have gained its footing after the past few dissapointing weeks, during which the Baltic Dry Index (BDI) shedded most of the gains experienced over the past few months. Yesterday, the BDI was up by six points to just 962 points, with the larger ship classes, most notably the Capesize and Panamax ones experiencing modest gains, while smaller bulkers were on the downside once more.
Still, according to BIMCO's comments, the latest news from the economic spectrum, could provide a boost. "Positive developments in Eurozone and Chinese economy benefit shipping", was BIMCO's comment. More specifically, "the recovery of the Eurozone continues as job creation returns across the region. The hiring of more staff indicates that manufacturing and service industries believes in a sustainable recovery where growth is picking up. Flash Eurozone PMI Composite is now at 54.0 (53.1 in March). A 35-month high, with the PMI being above the 50 no-change level for ten months in a row" it noted.
Chief Shipping Analyst at BIMCO, Peter Sand, said, "the world is economically interconnected to a large extend. Improvements in Europe should better the economy in China by spurring exports. Likewise, the Chinese transition into becoming a more consumer driven economy should also lift European exports to China. The fundamentals work when higher economic growth lift trade and benefit shipping." In China, the Flash Manufacturing PMI rose to 48.3 (48.0 in March). The index has been below the 50-threshold level for all 4 months of 2014. Flash April index sends mixed signals, as employment decrease at faster rate, whereas new orders decrease at slower rate. China now feels some pressure from lack of new export orders as that sub-indicator goes from an increasing level (above 50) to a decreasing level.
Both regions struggle to cope with deflationary pressure.
Meanwhile, according to the latest weekly report from shipbroker Fearnleys, on the Capesize front, "after Easter, the sentiment has turned more positive and owners will rather let their ships wait or ballast than fix pre Easter levels. West Australia / Qd is presently at usd 7,60, and more owners are aiming in the 8s. Its more coal being shipped and rates are slowly improving for trades like indonesia /india and east coast Australia/ far east. For the Atlantic and front haul however, it remains weak with lack of requirements. Its however expected this will change within soon, which will together with increased period interest be the main contributors for improved rates", the shipbroker said.
On the Panamax market, Fearnleys noted that "the Easter break did not cause any radical changes to even the most strong believers. The overwhelming oversupply of tonnage versus too few requirements and low activity still prevails in both hemispheres. Owners in the Atlantic are simply holding back from fixing the poor returns offered. However, with a slow flow of fresh requirements sentiment is pushing the Atlantic slightly up to 3-5.000 on T/C, but far less on voyage terms. The long lack of push from ECSA grains could be in a turning point, although it remains to be seen a clear postive trend. Typical levels mid week at abt 14. 500 + 450 K GBB APS. In the Far East, where most people live, it is quiet and levels are still poor. Levels hovering in the 7.000 range for various rounds up to abt 9.000 for NOPAC on T/C. There is a scent of optimism from ECSA grains expectations and tick higher levels are seen on Indo/india runs. Lifting of the 19 month old iron ore ban in GOA could have a positive effect for the Panamax owners".
Finally, on the Handy markets, it said that "there is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although the Pacific is slowly showing some signs of recovery. USG to Brazil is done at arrnd mid 5K, trip across to Med at high 8´s. Fronthaul in the mid 15.000 rge. A flow of fresh requirements lifting the Pacific slowly to 10-11 K bss Spore for coal rounds. Owners see mid 9´s China-Indo-India runs, and abt same for NOPAC or 10-11 + 300 BB APS. South Africa have not changed much, where India positions get abt 12 K + 250 GBB for trips via S Africa to the East. Period not very active, although larger Ultramax apparently done 13. 500 for Sh period bss del CJK", the report concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 02 April 14
BPI BREAKING BELOW THE 1,000 PSYCHOLOGICAL LEVELS - INTERMODAL
Any resistance put forth by the Dry Bulk market the week prior was succumbed this time round. All indices slid and losses were noted across the ...
Tuesday, 01 April 14
NEWCASTLE PORT SHIPPED 11.95 MILLION TONS OF COAL IN MARCH 2014
COALspot.com: In the week ended 31 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2 ...
Monday, 31 March 14
SHIPPING CONFIDENCE HITS HIGHEST LEVEL SINCE 2008 - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, ...
Monday, 31 March 14
COAL SWAP FOR Q1 2015 DELIVERY HAS CLOSED 4.76% HIGHER COMPARED Q2 14 CLOSING
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...
Monday, 31 March 14
CFR SOUTH CHINA COAL SWAP FOR Q2 14 DELIVERY LOST 1.17% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.17 percent month on month and closed at US$ 75.38 per m ...
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- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
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