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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, 29 October 15
Q2' 16 FOB INDONESIA COAL SWAP CLOSED US$ 37.40 PER TON; DECLINED 5.56 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 2.13 (-5.34%) per t ...
Wednesday, 28 October 15
Q2'16 FOB RICHARDS BAY COAL SWAP SEES FURTHER DECLINES
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and declined month over month.
The Q4 swap was d ...
Wednesday, 28 October 15
BDI INCREASE TOOK PLACE SOLELY ON THE BACK OF CAPESIZE PERFORMANCE, BUT........ - INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a small improvement which nonetheless failed to lift sentiment, not only because ...
Tuesday, 27 October 15
Q1'16 API 5 FOB NEWCASTLE COAL SWAP DECLINE 6 PER CENT M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $2 per ton (4.66%) month over month to US$ 40.93 per ton. The swa ...
Monday, 26 October 15
PORT OF NEWCASTLE SHIPPED 10.5 PER CENT LESS COAL IN SEPTEMBER, COMPARED TO AUGUST LOADING
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.161 billi ...
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Showing 2746 to 2750 news of total 6871 |
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- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Australian Coal Association
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
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