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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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Wednesday, 19 August 15
FOB INDONESIA COAL SWAPS CONTINUE FLAT TREND LINE THIS WEEK
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and flat week over week, this past week.
The 4Q swap was decli ...
Tuesday, 18 August 15
DRY BULK: MARKETS HAVE CONTINUED TO BE SEVERELY CHALLENGED - CLARKSONS
The dry bulk markets have continued to be severely challenged with freight rates falling during the period to below operating expense. The Baltic D ...
Tuesday, 18 August 15
1Q'16 FOB RICHARDS BAY COAL SWAP FALLS BELOW $54 A TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Tuesday, 18 August 15
2Q' 16 FOB NEWCASTLE COAL SWAP CLOSED AT $43 PER MT W/E 14 AUGUST
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.08 per MT (-2.46%) month over month to US$ 42.82 per mt. The swap ...
Monday, 17 August 15
TROUBLED DRY BULK MARKET FACES TURMOIL AS CHINESE COAL IMPORTS REMAIN WEAK - BIMCO
The demand for coal in China continues to diminish. So much in fact that India is expected to succeed China as the world’s largest imp ...
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- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
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- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
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- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
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- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
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- SMC Global Power, Philippines
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- Kohat Cement Company Ltd. - Pakistan
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- Renaissance Capital - South Africa
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- PTC India Limited - India
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- International Coal Ventures Pvt Ltd - India
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- India Bulls Power Limited - India
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- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
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- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
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- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Bulk Trading Sa - Switzerland
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- Marubeni Corporation - India
- McConnell Dowell - Australia
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- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
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- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
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- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
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- Eastern Coal Council - USA
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
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- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
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