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Wednesday, 05 August 15
DRY BULKER PRICES START TO FIRM UP AS MARKET SENTIMENT IMPROVES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Market pessimism in the dry bulk industry, a trend which had established itself over the course of the year, has started to fade away over the past couple of weeks. According to a recent report from shipbroker Allied Shipbroking, “in part, this has been due to things seemingly looking calmer on the geopolitical stage then they did several weeks back, yet this has played a relatively small and unimportant part in the grand scheme of the global dry bulk trade. Over the course of the last couple of weeks we have seen the freight market slowly finding its foothold, and gaining ground well above the lackluster levels it was receiving several weeks back”.
According to Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied, “this is not to say that there has been a complete reversal and that we are now finding ourselves in the midst of a bull market, yet it has been enough to inspire optimism amongst many in the market”. Mr Lazaridis noted that “during the first half of the year the intense rebalancing act of the fleet which has served as a purpose in keeping its growth rate in check and in line with the new “status quo” of global economic development has started to “bear fruit”. With the number of vessels available and trading in the market being held at a stead number, seasonal spikes in demand have emerged right in time to give a strong boost to freight rates that had been lingering for too long around or even below OPEX levels”.
Of course, “one might say that seasonality will fade and you will once again be left with a fleet which is much larger than required, yet in reality this seasonality has helped us buy some time as the growth in trade slowly creeps at its slower pace increasing demand to the extent that it be-comes in balance and at some point might even surpass tonnage supply once again (this all depending on if we can keep the fleet growth at a lower rate than growth in trade)”, Lazaridis noted.
He added that “all this having been mentioned before, what strikes of interest now is the way the sale and purchase market in the dry bulk segment has started to react to all of this. For over a month now we have seen prices hold at a level which they were unable to break below, partially due to the fact that there was also strong resistance in the newbuilding market and strong resistance from sellers themselves. With a significant amount of the downward pressure having been alleviate (as earnings are now at much healthier levels and many in the market are starting to hold the belief that we have passed the worst of the storm) the amount of buyer looking to buy at bargain levels has not only risen but has also started to get itchy fingers and become a bit more “trigger-happy” (as if they are in some sort of wild west movie)”.
According to Allied’s analysis, “this has started to become more so the case for some of the modern units especially in the Kamsarmax and Ultramax sectors, both of which are expected to feed of much better over the coming years from the increasing trade from India. In terms of reported transactions, we have yet to see this “eagerness” reflected in pricing. There has been however a stronger demand then what had been seen over previous months and buyers are now looking to be considerably more eager to compete for units that they inspect. This in turn, if supported by the market, should start to emerge in transactions that we will be seeing come to light towards the end of August to early September, however as is always the case and nevertheless if it hap-pens now or further down the line, buyers seeing the emergence of this trend will feel that they might have “missed the market” and depending on the number of buyers that feel the same, we would likely see another round of price hikes self-fed by new rounds of buying interest and over eagerness to compete. Let’s hope this time around some will a higher degree of self-refrain before prices have overshot once again”, Lazaridis concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 15 October 15
INDONESIA COAL PRICE REFERENCE FALLS FOR SEVEN STRAIGHT MONTH IN OCTOBER
COALspot.com - The Director General of Mineral and Coal of Indonesia once a again revised down Indonesian coal benchmark price this month.
The ...
Thursday, 15 October 15
Q1' 16 FOB RICHARDS BAY COAL SWAP ADVANCED 2 PER CENT WEEK OVER WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gain week over week and declined month over month.
The Q4 swap was dow ...
Tuesday, 13 October 15
DRY BULK SHIPPING FLEET NET EXPANSION WAS 1.3% DURING THIRD QUARTER, BUT ORDERBOOK REDUCED TO 17% OF THE TRADING FLEET
If the dry bulk market is to rebound on a sustainable level, it needs to limit the tonnage expansion, at least until demand picks up again, as Chin ...
Tuesday, 13 October 15
FOB NEWCASTLE COAL SWAP DECLINED 2 PER CENT MONTH OVER MONTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.46 per ton (1.08%) month over month to US$ 42.17 per ton. The ...
Monday, 12 October 15
CFR SOUTH CHINA COAL SWAPS GAIN W-W; SLIGHTLY DOWN M-M
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down just US cents 3 (0.06 %) per ton month over month.
A commodity ...
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- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Planning Commission, India
- The University of Queensland
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
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