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Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
 Chartering (Wet: Firm+ / Dry: Stable-)
The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both Capes and Panamaxes was only partly offset by the stable performance of Supras and Handies.
The BDI closed today (29/10/2013) at 1,551 points, down by 68 points compared to Monday’s levels (28/10/2013) and a decrease of 296 points com-pared to the previous Tuesday’s levels (22/10/2013). Weak activity in the North Sea pushed Afra rates down, while the rest of the crude carriers market moved up, with sentiment improving considerably. The BDTI Monday (28/10/2013), was at 599 points, a decrease of 22 points and the BCTI at 484, a decrease of 14 points compared to the previous Mon-day’s levels (21/10/2013).
Sale & Purchase (Wet: Stable+ / Dry: Stable+)
The SnP market has maintained the good volumes of activity that we have been seeing lately.
Irrespective of any volatility that might be witnessed by freight rates in the short term, we expect an active Q4 in terms of second hand sales as more owners appear ready to bet on a market recovery being noted over the next couple of years. On the tankers side, we had the sale of the “CHAMPION PEACE” (106,042dwt-blt 99, Japan), which was picked up by S. Korean buyer Sinokor for a price of US$ 11.0m. On the dry bulker side, we had the sale of the “HOUHENG 3” (179,895dwt-blt 12 Philippines) which was picked up by Greek buyers for a price of $ 52.0m.
New building (Wet: Stable+ / Dry: Stable+)
Despite firm interest for new orders continuing to hold for yet another week, shipyards are still holding a reserved optimism for the future prospects, while continuing to squeeze the most out of this most recent opportunity, rather than making grand plans for capacity expansion. We have already seen shipbuilders purposely contain the number of slots they have available focusing on efficiency, as such, leaving the market with almost no slots with delivery within the next 12-18 months. At the same time there has been a constant and significant rise in the prices being quoted, especially for the more popular dry bulk vessel designs. It is interesting to note that we have seen a considerable price increase of between 5-11% amongst dry bulk slots over the past four months alone, while tankers have only noted a 1-4% rise during the same period. In terms of new orders, Greek owner Golden Union, was reported exercising options for two Capesize vessels (180,000dwt) at Hanjin in Philip-pines, for a price of $ 54.5m each and with delivery towards the end of 2015.
Demolition (Wet: Stable+ / Dry: Stable-)
The demolition scene continues to face slow activity. The short list of deals that were reported this past week doesn’t include neither India nor Bangladesh, as breakers in both these countries seem to be sitting in the sidelines at the moment. In India it appears that cash buyers who managed to secure tonnage during the previous weeks are currently assessing whether this was a good move, as the sentiment is not as strong as it has been in the beginning of the month. Pakistan on the other hand has secured another VL, after the 95 built DELOS the week prior, proving that for the “right” tonnage local breakers are still pre-pared to pay the extra premium. In the East, Chinese breaking yards have lowered their bids even further this week, being less and less ap-pealing for owners of demo candidates that are ballasting in the region, as the trip towards the Indian sub-Continent is still very much worth the trouble. Average prices this week for wet tonnage were at around 350-425$/ldt and dry units received about 340-410$/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.
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Tuesday, 15 October 13
NEWCASTLE PORT SHIPPED 6.50% MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 6.50 per cent week on week to 3.19 million mt for ...
Monday, 14 October 13
MEMR OF INDONESIA SETS THE COAL'S SPOT PRICE AT US$ 76.61 FOR OCT'13 DELIVERY
COALspot. com - The Indonesian government has revised down government declared coal bench mark price by US$ 0.28/ MT to US$ 76.61 for October 2013 d ...
Monday, 14 October 13
CARBON POLICIES UNLIKELY TO PREVENT A COAL-FUELLED WORLD - WOOD MACKENZIE
China will propel coal growth but US, Europe and Asia will sustain global demand.
At the World Energy Congress (WEC) today Wood Mackenzie's Pres ...
Sunday, 13 October 13
Q4'13 DELIVERY SUB-BIT INDO COAL SWAP FALLS SEVEN STRAIGHT WEEK
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 1.72 percept month on month on Friday 11 October 201 ...
Sunday, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
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Showing 4066 to 4070 news of total 6871 |
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- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- MS Steel International - UAE
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
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