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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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Friday, 13 November 15
WEAK CHINA POWER DEMAND DAMPENS COAL CONSUMPTION - FITCH
The weak growth in China's electricity consumption in 2015, together with increasing non-thermal power generation capacity are exerting more pr ...
Friday, 13 November 15
DRY BULK, IT IS HARD TO MAINTAIN AN OPTIMISTIC VIEW FOR THE NEXT COUPLE OF MONTHS - INTERMODAL
COALspot.com: The dry bulk owners looking for cover remained under pressure for size segments across the board. With Capes closing off the week as ...
Friday, 13 November 15
WEEKLY US COAL PRODUCTION DECLINES TO 16.5 MMST; SLIDE 14.9% Y-Y: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.5 million shor ...
Thursday, 12 November 15
FOREIGN COAL MINE ACQUISITION - STRATEGY VERSUS OPPORTUNITY FOR INDIAN UTILITIES - DIPESH DIPU
The acquisition market for thermal coal assets abroad is dull. Sellers of all hues are in the market; some are actively scouting for buyers while o ...
Thursday, 12 November 15
PORT OF NEWCASTLE'S COAL EXPORT VOLUME UP IN OCTOBER 2015
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $1.254 billio ...
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Showing 2716 to 2720 news of total 6871 |
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- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
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