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Wednesday, 03 December 14
CAPESIZE DRY BULK CARRIERS ENTER 2015 WITH MIXED FORTUNES, WITH A POSITIVE AND A NEGATIVE SCENARIO BOTH EMERGING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The future of the Capesize dry bulk market appears to be engulfed from mixed “feelings” among analysts and market participants, despite the fact of the relatively positive performance of late. The “pessimists”, as described by shipbroker Allied Shipbroking’s latest weekly report, are negative regarding the future prospects of the Capesize market, at least during the first half of 2015, while things are not looking much better for 2015 as a whole. According to Mr. George Lazaridis, Head of Market Research & Asset Valuations, the arguments expressed claim that “with the steel industry being considerably shaken up after the softer results witnessed out of China throughout the year, the market has found itself once again plagued by overcapacity in terms of vessels and excess supply of steel products, possibly marking a further slowdown in steel production growth. Having now en-ered the final month of 2014 and with rates in the final quarter of the year having grossly disappointed the expectations that had accrued from the more promising final quarter of 2013, the market has now been left in shatters in terms of market sentiment, while the headache of the excessive order book continues to loom in the horizon”.
By contrast, those who voice more optimistic views, say that things could very well be better. According to them, “iron ore trade and in particular seaborne trade, has been mainly driven by Chinese demand for almost a dec-ade now and while demand for steel production may well be faltering, it doesn’t not look like we will see an outright reduction in demand for this vital commodity. At the same time, with prices of the ore having dropped to consecutively record 5 year lows over the past months, it has been Chinese internal iron ore production that has been most at threat. Both Australia and Brazil have considerably lower breakeven levels and can sustain their production at price levels considerably lower than their Chinese counterparts. This means that as the price drops further it will likely be seaborne imports that will have most to gain boosting their demand and as such their volumes”, Lazaridis noted.
He added that according to the optimists of the dry bulk market, “the considerable iron ore inventories that have amassed in most major Chinese ports are likely to be consumed fairly quickly by the ramped up Chinese steel produc-tion and at the same time the average levels of port inventories will have to be raised in order to better secure against any disruptions in production as they will be more reliant on imports moving forward”.
As a results, Allied’s analyst wonders which will be the case out of the above different scenarios. According to him, “there may well be an increasing rise for iron ore imports, however Australia has championed as main supplier to China for many years and as things are looking now, they have been gaining further ground during 2014, moving from a 51% market share in 2013 up to roughly a 58% market share now. This means that as their mines ramp up production and gain ground in the market they will likely eat up some of the further away competition as well, countering some of the positive effects of the higher reliance of China on imports, as Aussie ore also takes up volume from longer haul sources as well”.
According to the shipbroker’s view on the 2015 dry bulk market, “as things stand now it looks as a reasonable scenario for Chinese iron ore imports to rise by around 10-15% on a year-on-year ba-sis, while to put this number in perspective the respective number for 2014 looks close to around 16%. Having said that, this rise in imports is possibly going to translate into a more marginal 5% demand growth and even this figure seems to be optimistic. At the same time the schedule of newbuilding deliveries is quite well packed with over 139 vessels currently set to hit the water within 2015, while the lower bunker prices might add another headache as fuel consumption becomes less of an issue and many charter-ers start to push for higher speeds and in turn further increase the total annual carrying capacity of the Capesize fleet”, he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 03 December 14
PROGRESSING SMELTER PROJECTS IN INDONESIA
Press Release: Indonesia’s ban on ‘raw mineral export’ that was designed to encouraging downstream investment in mineral processi ...
Wednesday, 03 December 14
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The dry bulk market seems unable to turn sentiment round and is still looking for direction. The BCI's 887-point free fall last week had an obv ...
Tuesday, 02 December 14
KEY PLAYERS SHED NEW PERSPECTIVES ON COAL MARKETS
Press Release: Singapore’s ONLY and longest established Coal Trade event. Whilst Coal prices remain challenging, there is widespread consensu ...
Tuesday, 02 December 14
KOMIPO INVITES BIDS FOR 585,000 METRIC TONS OF COAL FOR Q1'15
COALspot.com - Korea Midland Power Co. Ltd. (KOMIPO) is inviting bids for the supply of 585,000 Metric Tons of coal. According to invitation, 5700 ...
Tuesday, 02 December 14
U.S WEEKLY COAL PRODUCTION FELL 1.4% WEEK ON WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.6 million short tons (mmst) o ...
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- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Deloitte Consulting - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
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