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Wednesday, 13 November 13
DRY BULK MARKET HAS REVERSED ITS NEGATIVE COURSE - INTERMODAL
 Chartering (Wet: Firm+ / Dry: Stable+ )
The Dry Bulk market has reversed its negative course this past week with rates for Capes making up for some of their recent losses. The BDI closed today (12/11/2013) at 1,543 points, down by 21 points compared to Monday’s levels (11/11/2013) and a decrease of 57 points compared to previous Tuesday’s levels (05/11/2013). The crude oil carriers market continues to firm, with rates for VLs witnessing another week of impressive gains on the back of strong Far East demand. The BDTI Monday (11/11/2013), was at 635 points, an increase of 27 points and the BCTI at 492, an increase of 1 point compared to the previous Monday’s levels (04/11/2013).
Sale & Purchase (Wet: Stable+ / Dry: Stable+ )
SnP activity considerably picked up this week with VL deals holding the lion’s share amongst dry and wet segments. On the tankers side, we had the sale of the “BLUE OPAL” (317,000dwt-blt 12, S. Korea), which was picked up by Navios for a price of US$ 83.0m. On the dry bulker side, we had the sale of the “PERLY” (77,830dwt-blt 02 Japan) which was picked up for a price in excess of $ 14.0m.
New building (Wet: Stable+ / Dry: Stable+ )
As the new building order spree continues, so does the firming of prices. This past week we raised our average new building quotes for a couple of segments in the dry bulker and tanker sides. The recent performance of the VL market, new building prices of which had stalled for quite some time due to poor freight rate performance, seems bound to move upwards as strengthening demand from the East has been supporting rates for more than two months straight. Improving freights has also been witnessed by Supras, the average price of which should now stand well above the $ 26.0m level for a new building unit. The increased interest of buyers in those but other segments of both dry bulkers and tankers seems that is now pushing owners who appear to be in a hurry to secure a slot to even smaller yards, which appear willing to satisfy that extra demand. This is definitely good for builders but is it for the market itself? The question is of course rhetorical as we will need further months of good performance in hires to fully support the current rate of ordering. In terms of new orders, Norwegian owner Jo Tankers was reported signing contracts for eight firm chemical parcel tankers (33,000dwt) at New Times in China, for a price of $ 40.0m each and with delivery between 2016 and 2017.
Demolition (Wet: Stable- / Dry: Stable-)
The volume of activity in the demolition market has slightly picked up, although some of the deals reported are traced back in prior weeks. Despite the fact that interest is very much present from both the buying and the selling side, it seems that the uncertainty that has prevailed during the past months has somewhat taken its toll on both owners and breakers sentiment as both sides seems to feel a bit indecisive. From one side, breakers have been “burnt” a few times in the recent past from local steel prices and currency fluctuations, ending up with tonnage bought at sky high prices compared to where the market ended up settling. On the other hand, owners have themselves witnessed demo buyers trying to walk out of previously agreed levels once the market had turned south. This past week prices have moved sideways in the Indian sub-Continent, while remaining stable in China. Average prices this week for wet tonnage were at around 345-425$/ldt and dry units received about 335-410$/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.
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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Monday, 10 February 14
Q1 2015, API 8 CFR SOUTH CHINA COAL SWAP CLOSED AROUND $ 2 HIGHER THAN Q2 14 PRICE
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 delivery lost 2.61 percent month on month and closed at US$ 77.28 per mt as on Frid ...
Monday, 10 February 14
SUPRAMAX STILL AT AROUND US$ 5K + BB 50K DELIVERY KALIMANTAN FOR A TRIP TO INDIA - CAPT. REDDY
COALspot.com: The BDI was down by 1.71 pct and closed at 1091 points week ended 7 February 2014. The BDI seemed to reach the bottom as the cape inde ...
Saturday, 08 February 14
U.S PRODUCED 84.5 MMMST OF COAL IN JANUARY; 2.05% UP MONTH ON MONTH, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 07 February 14
DRY BULK MARKET ON ' REVERSE' MODE DUE TO CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its uninspiring mood throughout yet another week, with the Baltic Dry Index (BDI) hovering slightly above the 1,000-poi ...
Thursday, 06 February 14
INDONESIA'S BAN ON THE EXPORT OF RAW MINERAL ORES COMES INTO FORCE - INCE & CO
COALspot.com: On 12 January 2014, the ban on the export of unprocessed mineral ores came into effect in Indonesia. This ban enforces the Mining Law ...
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- GMR Energy Limited - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Australian Coal Association
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
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