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Wednesday, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
 Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north of 1,700 points. It will take a longer period to understand how strong the legs to this latest rally are but the waves of optimism that have washed the market are undoubtedly high and more than welcome.
The BDI closed today (17/09/2013) at 1,740 points, up by 89 points compared to Monday’s levels (16/09/2013) and an increase of 199 points compared to the previous Tuesday’s levels (10/09/2013). Amidst US cooling off a bit on Syria talks and the UN pointing the headlight to Libya, the crude oil carrier market has moved sideways this week with VLs finding their footing on Westbound demand.
The BDTI Monday (16/09/2013), was at 582 points, a decrease of 5 points and the BCTI at 558, an decrease of 19 points compared to the previous Monday’s levels (09/09/2013).
Sale & Purchase (Wet: Stable+ / Dry: Stable+ )
A big part of those deals that were being negotiated towards the end of August came through this past week, boosting significantly the volume of SnP activity. As we head towards the last quarter of the year we expect even more action to take place especially on the Dry side where freight rates have started improving significantly.
On the tankers side, we had the sale of the “STAVANGER BELL” (105,309dwt-blt 10 , Japan), which was picked up by Greek buyers, for a price of US$ 31.0m. On the dry bulker side, we had the sale of the “CHRISMIR” (159,829dwt-blt 97 S. Korea), which was picked up by Greek buyers for a price of $ 13.5m.
Newbuilding (Wet: Stable+ / Dry: Stable+ )
The newbuilding market witnessed increased activity this past week with a high number of reported deals in both the wet and the dry sector coming to light. While further MR orders have concluded, the Ultramax segment wasn't shy of orders this week either and we cannot but stop thinking that the last quarter of the year will be even more active as far as new orders are concerned.
The recent rally in freight rate in the Dry Bulk market will surely inspire more owners to go after new tonnage as it happened back in 2010. The key difference this time is that newbuilding prices are nowhere close to what they were back then, so even if market recovery delays a bit longer, the financing of a new vessel should not prove to be lethally expensive as it did last time round.
In terms of concluded deals, Hong Kong based Parakou Shipping, was reported returning to China to exercise two options (64,000dwt) at CSSC Chengxi, at a price of US$ 25.5m each and with delivery set for 2015.
Demolition (Wet: Firm+ / Dry: Firm+ )
With the Indian Rupee appreciating further this week against the US Dollar there was finally some substantial optimism in the demolition market, which was evident both in the volume of deals that took place as well as the prices these were concluded at. With the exception of Bangladesh, where breaking activity was pretty much non-existent, the rest of the Indian sub-Continent nations got back into action.
As far as volume is concerned, breaking yards in China had the lion’s share for yet another week, with a series of demo deals agreed at levels quite impressive for the local market. With the volatility witnessed in the rest of the market and the continuous price strengthening in China, the country should hold its position as the “safest” choice for owners thinking to scrap their vessels and they wish to avoid cash buyers for the moment.
Average prices this week for wet tonnage were at around 370-395$/ldt and dry units received about 360-370$/ldt.
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.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Friday, 06 September 13
DRY BULK MARKET REACHES NEW YEAR-HIGHS ON THE BACK OF INCREASED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been on the rise once again, but this time around any new increase of freight rates translates into new year-highs, thus bri ...
Friday, 06 September 13
US PRODUCED APPROXIMATELY 90.80 MMST OF COAL IN AUGUST
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.90 million short tons (mmst) of ...
Thursday, 05 September 13
INDONESIAN COAL EXPORTS UP BY 6.72 PERCENT IN JULY
COALspot.com: Indonesia, the world's largest multi grade coal exporter shipped 35.268* million tons of coal in July 2013. Indonesian coal exp ...
Thursday, 05 September 13
HANDY: NICKEL ORE WAS PUSHING THE FAR EAST MARKET - FEARNLEYS
Handy
Nickel Ore was pushing the Feast market, several ships were fixed from low teens to $14k. Indo/India was still supported by bauxite, while th ...
Thursday, 05 September 13
DRY BULK MARKET ON A HIGH ROLL, MAINLY THANKS TO CAPESIZE APPETITE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize owners have been rejoycing on the back of renewed optimism for the further rise in the dry bulk market's freight rates, especially when on ...
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- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
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