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Monday, 13 June 16
DEMAND FOR DRY BULK COMMODITIES COULD PROVIDE FUTURE BOOST FOR SHIP OWNERS - HELLENIC SHIPPING NEWS
 When it comes to the dry bulk market, shipowners these days are looking for news in any shape or form they can find them. However, as the discussion over the market’s future prospects is being dominated by the obvious tonnage oversupply, things could very well start to show modest signs of improvement in the demand-side of the market as well.
Dry bulk ship owner Golden Ocean said in its latest quarterly report that “China’s official GDP growth slowed to 6.7% in the first quarter of 2016. In the new five-year plan announced in China in March the target for annual GDP growth during the next five years was set to 6.5%. This is the first time that the target set has been higher than the consensus estimate from various analysts. Although the Chinese authorities are focused on growth from “softer” sectors like services, they still say that no goals should jeopardize social stability or economical prosperity. This could bode for some additional investments in infrastructure projects and fixed asset investments if growth is not kept at an acceptable pace. Moreover, control of infrastructure projects have been taken back centrally to Beijing. March statistics for China showed better economic outlook, as both growth in fixed asset and infrastructure investments as well as new loans all showed signs of improvement. Growth in fixed asset investments picked up from the low in the past three months to 11.2%, the highest since July last year, and growth in infrastructure investments has been on a downward trend in the last two years and dropped to a multi-year low of 8.6% in December last year but ramped up to 22.5% in March. Whether the recovery of growth will remain is of course the big question”, said the shipowner.
Golden Ocean added that “when looking at the various main commodities transported, all of them had a slow start to the year. With low commodity prices and forward curves in backwardation, building down inventories has been preferred to importing new volumes. Imports of coal to China were very low at the beginning of the year at around 13 mt per month, but picked up in March to 19 mt per month, which annualized is at around the same levels as last year. There are some signs of stability, and as many Chinese mines are closing down and imports are a small part of the total volumes, in the shorter term there could also be some upside potential on these numbers. India has had a high local output on coal and also has around 25 days of inventories available and has disappointed those that were most optimistic on India’s substitution of Chinese demand”.
Meanwhile, “grain has been very strong in the first quarter of 2016 with an increase in transported volume of 13% year on-year. In particular long haul distances with exports from Brazil and Argentina has increased massively in the quarter, and this also led to increased waiting times in the ports, while other shorter haul distances have been reduced. The increase in transportation is mainly driven by imports to China. For other minor bulks there has also been an increase in volumes, and for bauxite also in ton miles. Steel products have also stabilized around the levels from last year and these commodities balance the drop in coal and iron ore. With global GDP growth expected to be just above 3% for the next coming years steel production is likely to remain flat. At the same time, the replacement between local Chinese iron ore and imports is still continuing, although at the moment the local production is around 200 mt (62% Fe equivalent) compared to total import in 2015 of 953 mt. Most analysts still believe in slight increase in imported volumes. The larger miners have adjusted down their volumes based on the low prices seen earlier this year, but it is expected that Vale will take a larger portion for the remainder of the year, adding ton mile”, said Golden Ocean.
It concluded by noting that “utilization during the first quarter of 2016 was estimated to be around 78% for the dry bulk fleet overall, with Capesize utilization lower during the worst periods of the quarter. Should the current market environment continue and demand growing at the slow pace as most analysts believe, at the same time as deliveries are postponed or cancelled and scrapping keeps up, utilization will improve slowly over the coming years”.
Source: Hellenic Shipping News
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Monday, 27 June 16
THE BDI UP 3.75 PERCENT ; BCI FELL 1.51% WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 3.75 percent from las ...
Monday, 27 June 16
INDONESIA BANS (AGAIN) SHIPS SAILING TO THE PHILIPPINES FROM INDONESIA
COALspot.com: The Indonesian Transport Ministry strictly prohibited harbour masters issuing permits to all Indonesian-flagged vessels bound for the ...
Friday, 24 June 16
U.S WEEKLY COAL PRODUCTION UP MARGINALLY
COALspot.com – U.S, world’s one of the largest coal producers has produced approximately totalled an estimated 13.4 million short tons ...
Wednesday, 22 June 16
SMALL RISE IN SHIPPING CONFIDENCE - MOORE STEPHENS
In May 2016, the average confidence level expressed by respondents in the markets in which they operate was 5.1 on a scale of 1 (low) to 10 (high). ...
Wednesday, 22 June 16
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
Stagnation- With the BDI stuck in the low 600 points for almost a month now, if we had to choose a word to describe the state of the Dry Bulk freig ...
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- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- VISA Power Limited - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Parliament of New Zealand
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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