Torsdag 22. april 2010 kl: 16:38
Norden har benyttet årets første kvartal til at øge sin dækningen af tørlastskibene fra 65 procent til 79 procent ultimo marts.
Det oplyste rederiets formand, Mogens Hugo, i sin beretning på torsdagens generalforsamling
"Norden skal tilbage i vækstsporet, men det skal selvsagt være lønsom og kontrolleret vækst", slog bestyrelsesformand Mogens Hugo fast i sin tale til generalforsamlingen.
Inden da. havde bestyrelsesformanden set tilbage på et vanskeligt år. Men også et år, hvor ledelsen begyndte at lettede foden lidt på bremsen i andet halvår, efter den hårde opbremsning i efteråret 2008.
I Tørlast er Nordens strategi på den korte bane organisk vækst.
"Der kan komme mindre justeringer af ordrebogen, men som det ser ud nu, får vi i år leveret 11 egne nybygninger og 18 langtidsindbefragtede skibe. 2010 bliver det travleste leveringsår nogensinde med mindst en skibsdåb hver 14. dag året igennem, bemærkede Mogens Hugo.
I Tank fokuserer strategien på opkøb.
"Målet er akkvisitiv vækst. Vi vurderer, at skibspriserne nu er på et niveau, hvor køb vil give et attraktivt afkast i takt med, at fragtraterne normaliseres. Afkastet kommer nok ikke i år, men med vores stærke finansielle position har vi råd til at være tålmodige", sagde Mogens Hugo.
Kilde: nordnet.se
http://www.maritimedanmark.dk/?Id=7740
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D/S Norden (DNORD)
http://www.ds-norden.com/
Norient Product Pool (50%)
http://www.norientpool.com/
23/4 2010 07:45 fcras 0
28443 Friday, 23 April 2010
South Africa's Richards Bay Coal Terminal, Europe's biggest source of coal burned for electricity, is boosting supplies to India and China as rebounding Asian economies build new power plants.
India's imports in the first quarter rose about 27 percent to 4.55 million metric tons from 3.59 million a year earlier, based on data e-mailed by Zama Luthuli, a spokeswoman for RBCT.
China purchased about 1.9 million tons during the first three months of this year compared with 1.38 million tons in 2009.
South Africa is boosting sales to Asia after recession curbed consumption in Europe.
India and China, whose economies are growing at rates faster than 8 percent, together accounted for about 42 percent of RBCT's shipments in the first quarter of this year compared with about 25 percent a year earlier.
Coal exports from Richards Bay, a site of Africa's largest export terminal for the fuel, rose about 17 percent to 5.66 million tons in March, with first quarter shipments at 15.46 million tons, according to data on the Web site.
The terminal, on South Africa's northeast coast, expects to export 65 million tons this year, Raymond Chirwa, chief executive officer of RBCT, said on April 15.
RBCT plans to complete increasing its export capacity to 91 million tons a year this month from 72 million.
India's coal imports from RBCT rose 45 percent in March to 2.44 million tons from 1.65 million a year earlier, according to the data.
China bought 401,416 tons in March, compared with none a year earlier, as disruptions to domestic output, higher demand and fuel diversification forced it to seek South African supplies.
It imported 1.04 million tons in February.
Prices Drop
Prices for coal shipped from Richards Bay fell by 1.6 percent to $85.60 a ton in the week through April 16, according to IHS McCloskey.
Power-station coal prices at Australia's Newcastle port, a benchmark for Asia, declined 0.5 percent to $98.28 a ton in the week to April 16, according to the globalCOAL NEWC Index.
Total imports of coal by China in the first quarter of this year jumped 226 percent to 44.4 million tons, according to customs data.
India's thermal coal imports surged last year to about 60 million tons from about 30 million tons in 2008, Macquarie Group Ltd. said in March.
Richards Bay is Europe's biggest source of coal burned for power and is owned by BHP Billiton Ltd., Anglo American Plc and Xstrata Plc.
Source: Bloomberg
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=97645&Itemid=79
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Richards Bay Coal Terminal website:
http://www.rbct.co.za/
23/4 2010 07:56 fcras 028444 Friday, 23 April 2010
Coking coal imports by China, the world?s second-biggest buyer, may reach the second highest on record this year as domestic production can?t meet demand from steelmakers, Citigroup Inc. said.
Purchases may be 29 million metric tons, analyst Catherine Wang said at a conference in Shanghai today.
Imports may exceed that level should domestic output fail to expand by 10 percent this year, she said.
Global supplies of coking coal will be crimped this year as Chinese imports near the 2009 record of 34.4 million tons, and demand from other nations picks up with the economic recovery, Teck Resources Ltd. said in March.
Prices may reach $300 a ton in the second half, Citigroup said April 12.
Should Chinese production expand by 5 percent, there will be a coking coal shortage of 50 million tons, a deficit that mining companies globally may struggle to meet, Wang said today.
BHP Billiton Ltd., the largest exporter of the coal, this year won a 55 percent price increase from Japan?s JFE Holdings Inc., as the global economy picked up and Chinese purchases bolstered demand.
Prices were settled at $200 a ton for the three months started April 1.
Chinese imports surged fivefold last year after the government closed smaller, unsafe mines.
Chinese miners are depleting coal resources quickly and the quality produced is declining, Citigroup?s Wang said.
Only 25 percent of coking coal resources in China is less than 400 meters (1,312 feet) below the ground, and half of that is in highly gaseous districts, making mining difficult, SouthGobi Energy Resources Ltd. said March 31.
Chinese production is peaking or has peaked in Shandong, Henan and Anhui provinces, the three biggest producing provinces after Shanxi, SouthGobi President Alexander Molyneux said.
Source: Bloomberg
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=97643&Itemid=79
Coking coal imports by China, the world?s second-biggest buyer, may reach the second highest on record this year as domestic production can?t meet demand from steelmakers, Citigroup Inc. said.
Purchases may be 29 million metric tons, analyst Catherine Wang said at a conference in Shanghai today.
Imports may exceed that level should domestic output fail to expand by 10 percent this year, she said.
Global supplies of coking coal will be crimped this year as Chinese imports near the 2009 record of 34.4 million tons, and demand from other nations picks up with the economic recovery, Teck Resources Ltd. said in March.
Prices may reach $300 a ton in the second half, Citigroup said April 12.
Should Chinese production expand by 5 percent, there will be a coking coal shortage of 50 million tons, a deficit that mining companies globally may struggle to meet, Wang said today.
BHP Billiton Ltd., the largest exporter of the coal, this year won a 55 percent price increase from Japan?s JFE Holdings Inc., as the global economy picked up and Chinese purchases bolstered demand.
Prices were settled at $200 a ton for the three months started April 1.
Chinese imports surged fivefold last year after the government closed smaller, unsafe mines.
Chinese miners are depleting coal resources quickly and the quality produced is declining, Citigroup?s Wang said.
Only 25 percent of coking coal resources in China is less than 400 meters (1,312 feet) below the ground, and half of that is in highly gaseous districts, making mining difficult, SouthGobi Energy Resources Ltd. said March 31.
Chinese production is peaking or has peaked in Shandong, Henan and Anhui provinces, the three biggest producing provinces after Shanxi, SouthGobi President Alexander Molyneux said.
Source: Bloomberg
http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=97643&Itemid=79
