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Wednesday, 14 August 13
ANOTHER WEEK IN THE RED FOR DRY BULK CARRIERS - INTERMODAL
 Chartering (Wet: Stable- / Dry: Stable- )
Another week in the red for Dry Bulk carriers with the market losing further steam as fewer and fewer inquiries were entering the market. There is still some activity in the USGulf and Black Sea region for some of the smaller sizes, however the larger capes have little to look forward to till at least September.
The BDI closed today (13/08/2013) at 1007 points, up by 11 points compared to Monday’s levels (12/08/2013) and a decrease of 39 points compared to previous Tuesday’s levels (06/08/2013). Despite much of the East being closed towards the end of last week and the Eid holidays going on in the Middle East, the crude oil market was still able to note some significant improvement over one week ago thanks to firming conditions in the North Sea/Baltic for Afras and WAF for Suezmaxes. The BDTI Monday (12/08/2013), was at 631 points, an increase of 13 points and the BCTI at 570, a decrease of 42 points compared to the previous Monday’s levels (05/08/2013).
With activity dropping this week in the Atlantic basin and the Pacific showing no real sign of hope, Capes were back on the downward trail, cooling off any hope that the market would refrain from a too strong drop this summer. It now looks as though we may well be on a strong downward course which will unlikely reverse till the start of September at which time all going well, demand for restocking should be recovering once again.
The Panamaxes seemed to have caught themselves in a nasty downward spiral, with the drop in rates continuing on this week as further market support was lost. Charterers are seemingly relaxing their interest in both basins, causing a shortage of cargoes and a building up of open tonnages all around. The only notable activity to be seen was that coming out of the USGulf which seemed to be feeding the market with some hope and helping owners fend off any rapid drop in freight rates.
Another overall slow week in both basins for Supras with only the Cont/ Med keeping things moving and allowing for rates to close of the week with a barely positive change compared to a week prior. Grain activity from the Black Sea seem to be still coming in strong and keeping things moving, while the pacific sank into almost complete silence as the holidays in Asia kept activity to a minimum. The Handies were to close off the week with a negative w-o-w change in freight rates as things seemed to not go so well especially as activity from the US Gulf started to drop.
Compiled by:
Intermodal Research & Valuations | research@intermodal.gr
Analysts:
Mr. George Lazaridis | g.lazaridis@intermodal.gr
Ms. Eva Tzima | e.tzima@intermodal.gr
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Saturday, 10 August 13
DEMOLITION ACTIVITY TO BE CRUCIAL AGAIN IN PROVIDING SUPPORT TO THE DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We appear to have forgotten demolition activity this year, with the Baltic Dry Index gaining traction in the latter part of the second half and emer ...
Friday, 09 August 13
US PRODUCED 4.00 PERCENT LESS COAL ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.00 million short tons (mmst) of ...
Thursday, 08 August 13
HANDY : NO POSITIVE SENTIMENT FOR THE FAR EAST MARKET - FEARNRESEARCH
Handy
No positive sentiment for the Far East market. There are a number of ships coming open in SE Asia this week and owners rating mid/high USD 8k ...
Thursday, 08 August 13
MALAYSIA HOSTS THIRD ANNUAL ASIAN SUB-BITUMINOUS COAL USERS' GROUP CONFERENCE
Press Release : The third Annual Asian Sub-Bituminous Coal Users’ Group (ASBCUG) conference convenes Sept. 30-Oct. 3 at the Eastern & Orie ...
Wednesday, 07 August 13
HANDIES : FINDING IT DIFFICULT TO SUSTAIN THEIR PREVIOUS LEVELS - KONSTANTINOS KONTOMICHIS
Broker's insight
by Konstantinos Kontomichis,
SnP Broker
Entering the most predictable month of the year, as expected the seasonal effects ha ...
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Showing 4171 to 4175 news of total 6871 |
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- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
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