We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 09 December 15
DRY BULK EXPERIENCES THE PERFECT STORM - PANOS TSILINGIRIS
 Dry bulk experiences the perfect storm as the slowing of demand predominantly because of China sat atop the exaggerated oversupply. The BDI broke twice its all-time lows in February and in November when it closed at just 498, with the average of dry average returns being in the region of $3,500-5,500/day, i.e. at or below OPEX. It is not a matter anymore of how low it will go (as it is already there), but how long it will last, said Intermodal in its latest report.
According to Panos Tsilingiris of Intermodal, the FFAs, which allegedly contribute to price discovery (note: I have my reservations against this thesis) are by no means optimistic. Cape and Panamax BFAs Calendar 2016 and 2017 are at or just in excess/below OPEX. Supras, which have so far somewhat withstood the collapse and outperformed Panamaxes, are poised to suffer as well, also due to the massive Ultramax orderbook.
The broker further noted that, if demand does not ‘restart’ and BFAs are proven to be correct, the ongoing severe dry bulk crisis may even have implications similar to the 1980s one, albeit still not the base case scenario. The market along with regulatory considerations will force pre-2000 built Vessels as well as more modern but poor-maintained or non-commercially viable Vessels to either flirt with scrap or be ostracized to domestic/inferior trading.
The Intermodal further added that, being tempted by the close to 15-year nominal lows in asset values, we studied acquisitions in 10-year old quality Capesize, Panamax and Supramax Bulkers under a 5-year investment horizon. We considered purchases at the prevailing levels and being conservative we assumed heavy OPEX/Drydock costs and residual values reflecting two pessimistic scenarios: (i) scrap or (ii) sell at current depressed values.
The striking discrepancies between historical vs. current and projected market conditions imply significant structural differences. The resulting break-even rate is half or less than the historical averages but still higher than the BFAs projection for the 2016-17 years. The downside risk is getting squeezed while the upside is rising. In my view it is a buy!, the Greece based ship broker concluded.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...
Thursday, 10 December 15
FOB RICHARDS BAY COAL Q3' 16 DELIVERY SWAP WAS CLOSED 7.27% PER TON LOWER COMPARED TO AVERAGE Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
Wednesday, 09 December 15
U.S. COAL EXPORTS DECLINE IN 2015 DUE TO SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES - EIA
COALspot.com: The slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports in 2015 ...
Tuesday, 08 December 15
OPEC'S DECISION BODES WELL FOR THE TANKER MARKET: STRONG MIDDLE EAST CRUDE EXPORTS WILL CONTINUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
OPEC’s latest decision to keep up oil production is seen by shipbrokers as a further boost for the tanker market. At the end of last year OPE ...
Tuesday, 08 December 15
Q1' 16 API 5 FOB NEWCASTLE COAL SWAP CLOSED AT $ 36.73 A TON; 1.73% HIGHER COMPARED TO Q3' 16 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $1.47 per ton (3.85%) month over month to US$ 36.73 per ton. The swap ...
|
|
|
Showing 2661 to 2665 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- PTC India Limited - India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
|
| |
| |
|
