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Monday, 12 January 15
FREIGHT MARKET: 2015 FLEET SUPPLY GROWTH IS EXPECTED TO REMAIN SLIGHTLY AHEAD OF CARGO GROWTH - SGX
 COALspot.com: The dry bulk freight market was forced to digest a number of negatives in 2014 leading the Baltic Dry Index to fall 66% through the year, SGX says in its “ Commodities 2014 - A year of the bear” report.
According to SGX, the Capesize market was the most volatile, with average 30-day annualized volatility of 83%. While seaborne iron ore demand was strong, the market was hampered by weaker coal trade, negative macro news, tighter credit in China, and lower Indonesian exports among other factors. Looking forward, a continued high order book (relative to historical standards) paints a relatively cautious picture for the year ahead.
Hopes of a freight rate recovery were shattered with 2014 producing the second worst year in the past decade for vessel earnings, SGX noted.
The Baltic Dry Index (‘BDI’) fell 66% to end the year at 782. Across vessel types, Capesize rates closed the year down 88% from the beginning of the year. Panamax, Supramax and Handysize rates declined 53%, 38% and 39%, respectively. The BDI showed signs of recovery both in the middle of the year and in the last quarter, but both recoveries quickly stalled.
The report further said that, roughly two-thirds of dry bulk freight activity is driven by iron ore, coal and steel. While seaborne iron ore and steel demand have remained strong, the year has digested a number of negatives, including: (i) weaker coal trade as Chinese imports have declined; (ii) negative macro news and credit tightening in China; (iii) the Indonesian ban on nickel ore/bauxite/iron ore exports; and (iv) less congestion from shippers in South America. Broadly speaking, supply has outstripped demand, and in 2015 fleet supply growth is expected to remain slightly ahead of cargo growth.
In shipping, supply side dynamics manifest in two ways – (i) number of ships on seas plus the new deliveries, and (ii) speed of the vessels. In anticipation of rising demand for these dry bulkers, the shipping industry responded affirmatively on both fronts: not only were there more vessels, but many also reportedly sped up their fleets. Even though the demand for vessels in the cape segment has grown, the tonne-mile demand in 2014 shrunk, chiefly due to much of the iron ore supply being delivered on short haul routes. However, in the Panamax category, while the order book touched a 5-year high of 53% in 2010 followed by a 5 year low of 23% in June 2013, the current order book for these vessels at 33% looks a bit apprehensive given demand side challenges.
At any one time, there are about 1,000 vessels in the Singapore port.*
*Singapore Maritime Port Authority
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Wednesday, 14 January 15
DRY BULK MARKET NOTED ANOTHER WEEKLY DECLINE - INTERMODAL
COALspot.com: The Dry bulk market noted another weekly decline on Friday, with the performance of the Capesize market still weighing down on the re ...
Wednesday, 14 January 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In Oil we trust! The Barrel price has declined by almost a third in comparison to the 2014 January and has being on the downhill since early last s ...
Wednesday, 14 January 15
COMMODITIES AREN'T PRIMED FOR A REBOUND DURING 2015: SHIPPING COULD BENEFIT FROM LOWER PRICES - ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In the recent past, higher commodity prices were driven by an increase in demand from developing countries, which spelled good news for ship owners ...
Wednesday, 14 January 15
SUB-BIT FOB INDONESIA COAL SWAP FOR Q1 DELIVERY CLOSED AT US$ 46.97 PMT
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week.
The Q1 swap has fell US$ 1.53 (-3.15 ...
Wednesday, 14 January 15
Q4' 15 FOB NEWCASTLE COAL SWAP CLOSED 4.51% LOWER COMPARED TO Q1' 15 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.56 per MT (-3.0%) month over month and US$ 1.03 (-2.0%) week ove ...
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- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
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