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Saturday, 05 September 15
DRY BULK MARKET MAY SUFFER NOW, BUT IS BOUND FOR A RECOVERY THANKS TO A LIMITED FUTURE FLEET GROWTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The slow increase of dry bulk tonnage growth this year could turn into a solid indicator of the market’s future prospects. According to a recent report from Allied Shipbroking, “since the start of the year the total dry bulk fleet has risen by 115 vessels, or 1.2% of the active fleet. Of course, at the same, despite the more optimistic scenarios unfolding on the frieght market, “dry bulk commodities are still showing off their bearish face on the back of weaker manufacturing data from the world’s number one workshop. Commodity prices were faced with a strong decline today, with some hitting multi-year lows, as worries started to grow over the extent of the over supplies issues faced globally as production showed ever weaker figures this month”, said Allied.
Allied’s, head of Market Research & Asset Valuations, George Lazaridis noted that “even in the case of commodities such as iron ore, which during the past couple of weeks has shown good signs of strengthening, after spot pric-es gained more than 25% over the past month, is still finding it difficult to support a bullish market feel, as steel output continues to tumble while the futures contract mar-ket points to a still lagging market in terms of demand. The main issue will hold, as these commodities primarily used in power and construction, are facing a lack in demand which will take time and a lot of support to bring it back on an upward moving track”. He added that “so, on the basis of common logic, this slump in commodity prices should follow a slump in freight markets which are a directly influenced indicator of the volumes that are traded worldwide. Yet the freight market has been showing a trend of its own, even if one takes into account the recent softening that has been noted in most of the size seg-ments, it seems as though the shipping industry has taken all the right precautions in order to be better placed to handle a market where slower growth levels are the new reality”.
Meanwhile, Lazaridis noted that “looking at the fleet in more detail, size segments such as that of Capes and Handies have decreased in number during this period by 14 vessel (-0.9%) and 5 vessels (-0.2%) respectively. In terms of the Capes, it could explain why we have managed to see a notable recovery in freight rates during the past months and a half. Yet even in Panamax size segment growth has been fairly limited, with the fleet in-creasing by only 11 vessels (0.6%). The only size segment that has not followed this trend has been the Supramax segment which has not only grown by 112 vessels (4%), but the majority of the new vessels being delivered are Ultramax vessels which are of considerably higher carrying capacity than the average of the fleet in this deadweight range (40-67,000dwt). With all these figures being for the 7 months that have passed and not annualised figures, we can’t directly compare them to the year-on-year growth in trade. Nevertheless, these figures do clearly show that the growth in fleet is clearly moving slower than that of trade and if this pace continues it isn’t hard to imagine an improving freight market moving forward”, he said.
Therefore, noting all the above, “it looks as though we might have found the “sweet spot” in terms of balance between fleet and trade growth. The market has now switch to one which is highly dependent on the course that the supply side will take, as it seems that on the demand side things are on a fairly predetermined course and bearish in outlook for the short-run. This means that we will have to continue capping supply in order to regain a market that is performing well enough to entice new investors as well as to bring earnings back into the black for current owners/operators. Something that may seem fairly easy now that new orders have all but stopped, yet the main difficulties will be those faced further down the line, once optimism re-enters the market and speculators start dealing the difficult “blows”, Lazaridis concluced.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 07 September 15
CFR SOUTH CHINA COAL SWAPS ROSE 1.1 PER CENT WEEK OVER WEEK
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.52 (3 %) per MT month over month.
A commodity sw ...
Sunday, 06 September 15
AUTOMATION AND TECHNOLOGY IS CERTAINLY PART OF THE SOLUTION FOR IMPROVING PERFORMANCE AND EFFICIENCY TO MAKE THE MINE OPERATIONS MORE PROFITABLE, HOWEVER............ - LUKE JALSEVAC
"The Technology and Innovation in Mining 2015" production team at Information Exchange Group interviewed Luke Jalsevac, Director, Busines ...
Sunday, 06 September 15
THE CAPE SIZE INDEX ROSE 10.83 PER CENT WEEK OVER WEEK
COALspot.com: The BDI, the Baltic exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, declined o ...
Friday, 04 September 15
U.S. COAL PRODUCTION FOR THE W/E AUGUST 29, UP SLIGHTLY; FALL 4.5 PERCENT Y-Y: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 18.7 million shor ...
Friday, 04 September 15
GOVERNORS WILL HAVE THE POWER TO REVOKE MINERS' PERMITS: ENERGY MINISTRY - JG
Starting Oct. 1, Indonesia's governors will lawfully become "executors" in revoking the licenses of miners that fail to secure a &quo ...
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- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
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