World Grain - January 2013 - 84

FEATURE: 2013 SHIPPING OUTLOOK

Baltic exchange supramax index
1,400

1,150

900

650

400
12/3/2012

11/1/2012

10/1/2012

9/3/2012

8/1/2012

7/2/2012

6/1/2012

5/1/2012

4/2/2012

3/1/2012

2/1/2012

1/3/2012

Source: Baltic Exchange

bad bargain for shipping. But if U.S. exports are heading for
the Asian markets, it may become a positive story for the dry
bulk market. “Arguing in the other direction may be that gas
prices stay low in the U.S. and relatively high in Europe, leaving demand for thermal coal low in U.S. domestic markets but
higher in Europe, as coal is the preferred fossil fuel for elec-

tricity generation in Europe. Finally, a supply disruption in a
major export country may increase U.S. exports.”
As 2012 drew to a close, the signals pointed toward a
higher rates environment in 2013. The BDI (see charts on
page 84 and 85) was up 17% in early December compared
to Oct. 10, with the BCI at 2,000 (+13%) over the same time
scale, the BPI at 949 (+21%) and the BHSI at 446 (+1%).
Only the BSI was struggling at 768 (-2%).
A spokesman for Drewry Maritime Research, the publishers
Dry Bulk Forecaster, said dry bulk shipping in the next few
years would be highly dependent on growth in commodity
trades since the bulk carrier fleet would continue to expand, albeit at a declining rate of growth.
“Many steel furnaces closed in the European continent,
steel production and iron ore imports will decline in the coming months,” he told World Grain. “Similarly, grain trades
suffered a major blow in 2012 given dry conditions in many
of the top exporting countries. The coal trade provided some
support to the market, as very low commodity prices boosted
trade. U.S. coal exports improved and low prices are expected
to continue supporting coal trade.”
Petter Haugen, a dry bulk analyst at DNB Markets, said the
key for rates of smaller vessel sizes in 2013 will remain the

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World Grain - January 2013

Table of Contents for the Digital Edition of World Grain - January 2013

World Grain - January 2013
Table of Contents
From the Editor-in-chief - Instant noodles as single product success
Calendar of Events
News review - Nisshin to buy New Zealand flour milling business
China expects record 2012-13 corn crop
ADM sells its stake in Gruma, ends 16-year partnership
Glencore completes acquisition of Viterra
Bunge ‘extremely pleased’ by court order
AFIA’s Newman presents at feed patterns seminar
Scoular adds to grain handling capacity
ADM selects vice-president of technical services
IGC forecasts largest world wheat area since 1998-99
Vietnam’s rice exports likely to hit record
U.S., China to cooperate on food safety
GrainCorp rejects second offer from ADM
Richardson receives regulatory clearance for Glencore deal
IGC meeting reviews state of global grains
Rabobank: China will drive agricultural commodity demand
China cancels 300,000-tonne soybean purchase
Cargill launches wheat flour in India
Letter to the editor
Grain Market Review - Oilseeds
Country Focus - Focus on Japan
Feature - Can grain and oilseed markets rebuild stocks?
Feature - Specialty flour products
Feature - Millers gather in Middle East
IAOM Latin America District holds conference following ALIM
Feature - Grain take on vital global importance
Feature - GEAPS Exchange 2013
GEAPS Product Showcase
Grain Operations - Innovative conveying solutions
Feature - 2013 shipping outlook
World Grain Weather Report - Adverse weather conditions impacting wheat
Supplier News
World Grain Archive
Advertiser Index
World Grain - January 2013 - World Grain - January 2013
World Grain - January 2013 - 2
World Grain - January 2013 - 3
World Grain - January 2013 - 4
World Grain - January 2013 - Table of Contents
World Grain - January 2013 - From the Editor-in-chief - Instant noodles as single product success
World Grain - January 2013 - 7
World Grain - January 2013 - Calendar of Events
World Grain - January 2013 - 9
World Grain - January 2013 - China expects record 2012-13 corn crop
World Grain - January 2013 - 11
World Grain - January 2013 - Glencore completes acquisition of Viterra
World Grain - January 2013 - Bunge ‘extremely pleased’ by court order
World Grain - January 2013 - Scoular adds to grain handling capacity
World Grain - January 2013 - U.S., China to cooperate on food safety
World Grain - January 2013 - Richardson receives regulatory clearance for Glencore deal
World Grain - January 2013 - IGC meeting reviews state of global grains
World Grain - January 2013 - Letter to the editor
World Grain - January 2013 - 19
World Grain - January 2013 - Grain Market Review - Oilseeds
World Grain - January 2013 - 21
World Grain - January 2013 - Country Focus - Focus on Japan
World Grain - January 2013 - 23
World Grain - January 2013 - 24
World Grain - January 2013 - 25
World Grain - January 2013 - Feature - Can grain and oilseed markets rebuild stocks?
World Grain - January 2013 - 27
World Grain - January 2013 - 28
World Grain - January 2013 - 29
World Grain - January 2013 - 30
World Grain - January 2013 - 31
World Grain - January 2013 - 32
World Grain - January 2013 - 33
World Grain - January 2013 - Feature - Specialty flour products
World Grain - January 2013 - 35
World Grain - January 2013 - 36
World Grain - January 2013 - 37
World Grain - January 2013 - 38
World Grain - January 2013 - 39
World Grain - January 2013 - Feature - Millers gather in Middle East
World Grain - January 2013 - 41
World Grain - January 2013 - 42
World Grain - January 2013 - 43
World Grain - January 2013 - 44
World Grain - January 2013 - 45
World Grain - January 2013 - 46
World Grain - January 2013 - 47
World Grain - January 2013 - IAOM Latin America District holds conference following ALIM
World Grain - January 2013 - 49
World Grain - January 2013 - Feature - Grain take on vital global importance
World Grain - January 2013 - 51
World Grain - January 2013 - 52
World Grain - January 2013 - 53
World Grain - January 2013 - 54
World Grain - January 2013 - 55
World Grain - January 2013 - 56
World Grain - January 2013 - 57
World Grain - January 2013 - Feature - GEAPS Exchange 2013
World Grain - January 2013 - 59
World Grain - January 2013 - 60
World Grain - January 2013 - 61
World Grain - January 2013 - 62
World Grain - January 2013 - 63
World Grain - January 2013 - GEAPS Product Showcase
World Grain - January 2013 - 65
World Grain - January 2013 - 66
World Grain - January 2013 - 67
World Grain - January 2013 - 68
World Grain - January 2013 - 69
World Grain - January 2013 - 70
World Grain - January 2013 - 71
World Grain - January 2013 - 72
World Grain - January 2013 - 73
World Grain - January 2013 - 74
World Grain - January 2013 - 75
World Grain - January 2013 - Grain Operations - Innovative conveying solutions
World Grain - January 2013 - 77
World Grain - January 2013 - 78
World Grain - January 2013 - 79
World Grain - January 2013 - Feature - 2013 shipping outlook
World Grain - January 2013 - 81
World Grain - January 2013 - 82
World Grain - January 2013 - 83
World Grain - January 2013 - 84
World Grain - January 2013 - 85
World Grain - January 2013 - 86
World Grain - January 2013 - 87
World Grain - January 2013 - World Grain Weather Report - Adverse weather conditions impacting wheat
World Grain - January 2013 - 89
World Grain - January 2013 - 90
World Grain - January 2013 - 91
World Grain - January 2013 - Supplier News
World Grain - January 2013 - 93
World Grain - January 2013 - 94
World Grain - January 2013 - 95
World Grain - January 2013 - 96
World Grain - January 2013 - World Grain Archive
World Grain - January 2013 - Advertiser Index
World Grain - January 2013 - 99
World Grain - January 2013 - 100
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http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com