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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 the biggest losers yet again and enquiry for the geared sizes still unable to catch up with the volumes of ballasters in key trading regions, sentiment took another hard hit last week, said Intermodal ship broker in its this Wednesday report.
According to Intermodal, the Greece based broker, it is hard to maintain an optimistic view for the next couple of months, as trade fundamentals in both basins are outlining further challenges ahead. On one hand grain cargoes in the Atlantic have failed to support the market so far, while in the pacific, coal trading is still weak overall, with India’s growing imports offsetting part of the Chinese void but doing so to an extent Insufficient to bring balance to the market there.
The broker further noted that, stranded by limited fresh business, rates for Capes succumbed to further pressure last week, with period numbers correcting further downwards as well, while the average rate for the segment moved below $8,000/day after almost five months, washing over the market with renewed fears of new historical lows this coming winter.
“ Any positive spillovers deriving by the boost in activity the Atlantic Panamax market saw during the week prior, were completely wiped off last week as the number of ballasters arriving in the ECSA grew disproportionally compared to enquiry in the region, while things in the Pacific it was a charterer’s market for yet another week” Intermodal said in its report on 11 Nov.
The Handymax/Supramax market was still getting decent numbers ex-USG and ECSA last week, albeit reported business was steadily below last dones. Handy size rates kept looking for a floor, with the BHI closing off on Friday (6 Nov) 63 points above 201 lows.
Demolition Market
While commenting on demolition market, Intermodal says that, bring on the Capes Given that news from the freight market continue to exert great pressure on Dry Bulk owners it definitely comes as no surprise that two additional Capes were reported to have found their way to recycling yards last week.
The bad freight market for bulkers coupled with low demo prices, are definitely a bad combo for the creation of a strong demolition trend as the one we witnessed in the beginning of the year. Bulker owners of vintage tonnage, partly hoping for a market rebound and partly being deterred by low demo bids, are currently trying to weigh their options, a decision that might become a bit easier if the freight market continues to disappoints, which is definitely a scenario more possible than that of demo prices significantly recovering in the following months.
In terms of activity last week, Intermodal noted that, the breakers in Bangladesh and Pakistan continue to attract most of the demo candidates at the moment, while with prices in India moving further south last week, we don’t expect them to feel any pressure to increase their bids much more. Prices this week for wet tonnage were at around 145-330 $/ldt and dry units received about 125-310 $/ldt.
The highest price amongst recently reported deals, was that paid by Bangladeshi breakers for the Container vessel “MSC CHALLENGER” (37,915dwt-14,966ldt-blt 86), which received $336/ldt, says Intermodal.
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Friday, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...
Friday, 12 February 16
COAL PRICES ARE EXPECTED TO DECLINE 13% IN 2016 TO $50 ATON, ON CONTINUED WEAK DEMAND AND OVERSUPPLY - WORLD BANK
COALspot.com: Thermal coal prices fell 9 percent in the fourth quarter on continued weak demand, high stocks, and surplus production, World Bank sa ...
Friday, 12 February 16
U.S. COAL PRODUCTION OFF 5.4% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.9 million shor ...
Thursday, 11 February 16
GLOBAL NEWBUILDING ORDERBOOK IS SHRINKING ON A DAILY BASIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2016 has started right where 2015 left off when it comes to newbuilding ordering activity, i.e. there are slim pickings to be had from shipyards ar ...
Wednesday, 10 February 16
SOUTH AFRICA IS HOPING TO SHIP MORE COAL TO INDIA IN 2016
COALspot.com: South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal in 2015, industry officials ...
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- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Interocean Group of Companies - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- The University of Queensland
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
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