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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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Tuesday, 17 November 15
FOB NEWCASTLE COAL SWAPS FALL: Q1'16 SLID 11.45% M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $4.75 per ton (11.45%) month over month to US$ 36.75 per ton. The swap ...
Monday, 16 November 15
KOMIPO INVITES BIDS FOR 1.295 MILLION TONS OF BITUMINOUS COAL FOR Q1 - Q2'16
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 1,295,000 Metric Tons (MT) of minimum 4,600 kc ...
Monday, 16 November 15
SOUTH CHINA COAL SWAPS DECLINE CONTINUES THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 6.05 (12.59%) per ton month over month.
A commodity swa ...
Monday, 16 November 15
CLARKSEA INDEX COMPETITION: IS IT ALL IN THE TIMING? - CLARKSONS
Readers of the Shipping Intelligence Weekly are invited each year to predict the value of the ClarkSea Index one year ahead in the first week of No ...
Monday, 16 November 15
DRY BULK MARKET: Q1' 2016 SHAPING UP TO BE A ' DISASTROUS' ONE OF PROJECTED LOWER IRON ORE IMPORTS FROM CHINA
Over the course of the past year or so, it’s been the drop of coal imports from China, which has had a detrimental effect on the course of dr ...
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Showing 2711 to 2715 news of total 6871 |
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- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
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