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Tuesday, 20 October 15
SHIPBROKER SEES CAPESIZE RATES EASILY REACHING $25,000/DAY BY YEAR-END : NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The future course of the dry bulk market has been troubling market participants for quite some time now, as the “elusive” freight rate rally never seems to materialize, at least in terms of a viable market situation. In its latest report, shipbroker Allied Shipbroking noted that “with the month of October already in its second week and the dry bulk market still in decline a split in opinion has started to emerge, with many still expecting a rally to be seen during the course of the final quarter of 2015, while others are more cautious noting a weakness in the paper market and a lack in activity in the actual market. The truth is that despite a slight increase in interest and an influx of demand from the Far East, rates have yet to show a positive face”.
Αccording to Allied’s George Lazaridis, Head of Market Research & Asset Valuations, “we have seen a growing interest in both the Pacific and North Atlantic basin over the last days which should generate a fairly good momentum moving forward, while in the Capesize market the recent improvement has been noted without the help of the main West Australian or Brazilian shippers, which as things stand now are still waiting in the sidelines. Taking into consideration the late emergence of the summer rally and given that commodity prices are once again at close to some of their lowest levels, it shouldn’t be long before traders react, looking to take advantage of the cheaper prices on offer and pulling in all their re-stocking demands for the period”.
Lazaridis added that “in the case of the Capesize and Handysize vessels, this looks to be a double gain, as we only need to see a similar rise in interest as the one noted last year during the same period in order to generate an equal improvement in freight levels, given as the fleet size of both these size segments has remained overall unchanged during the past 12 months. Taking the same consideration for Panamaxes and Supramaxes things aren’t as rosy, as their respective fleets have shown a notable increase since then.
Nevertheless, things have been more positive for these size segments thanks to the improving demand from India which is driving bigger interest in the Pacific for these vessels. As such it wouldn’t be an exaggeration to place a base case scenario of the Baltic TCA rates in the Supramaxes and Panamaxes surpassing at some point the US$ 10,000/day mark before the year closes, while Capesizes should easily reach the US$ 25,000/day mark”, Allied’s analyst noted.
Yet, as Lazaridis pointed out, “despite this and beyond the fact that it seemed as if we had reached bottom in terms of asset prices, it now looks as though the direction here is also on the verge of a change. Unfortunately and given the large influx of modern sales candidates that have entered the market in the past weeks, while also taking into consideration that a large portion of these are from troubled owners, expectations are for another drop. The main issue here is by how much and with market dynamics, namely the freight market and supply of sales candidates, moving in opposite directions, we will inevitably see a “tug of war”. What will push the scale in favor of softer prices will likely be the lack of market optimism, as few out there are hopeful in terms of the prospects of the first quarter of 2016 which will follow thereafter”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Thursday, 19 November 15
CHINA STEEL PRODUCTION CAPACITY TO PEAK IN 2016 - FITCH RATINGS
COALspot.com: Fitch Ratings today says that China's steel production capacity is likely to peak in 2016, with capacity elimination over the nex ...
Thursday, 19 November 15
Q3' 16 RICHARDS BAY COAL SWAP CLOSED 9% LOWER THAN Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up week over week and month over month.
The Q1’ 2016 swa ...
Thursday, 19 November 15
RATES FOR CAPES KEPT MOVING SOUTH - INTERMODAL
COALspot.com: With the BDI currently standing at less than 30 points above the historical lows marked in February this year and with activity acros ...
Wednesday, 18 November 15
MARKET (SHIPPING) INSIGHT - THEODORE NTALAKOS
Supply VS Demand
According to data from the IMF, global growth for 2015 is projected at 3.1 percent, 0.3 percentage point lower than in 2014, ...
Tuesday, 17 November 15
KOMIPO INVITES BIDS FOR (SEMI) ANTHRACITE COAL FOR SEOCHEON POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 70,000 Metric Tons of (Semi) Anthracite for Ja ...
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- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
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- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
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- Indogreen Group - Indonesia
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- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
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- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
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- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
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