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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, 30 December 13
INDONESIAN COAL TO BE PART OF INDEX DETERMINING POWER TARIFFS - BUSINESS STANDARD
In a significant move, power sector regulator CERC has decided to provide 50 per cent weightage for Indonesian coal in the benchmark index that is u ...
Friday, 27 December 13
THE EXPORT OF UNPROCESSED MINERALS WOULD NOT BE ALLOWED AFTER 12 JAN 2014 - INDONESIAN ENERGY MINISTER
COALspot.com: The government of Indonesia will implement Law No. 4 of 2009 on Mineral and Coal in full and consistently by January 12, 2014, said, m ...
Friday, 27 December 13
INDONESIA SHIPPED 15.75 PERCENT MORE COAL IN NOVEMBER
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $2* billion worth of co ...
Thursday, 26 December 13
COAL & OIL GROUP SECURES US$ 250 MILLION FUNDING FOR ITS 1200MW THERMAL POWER PLANT IN INDIA
COALspot.com: Dubai-based Coal & Oil (C&O) Group has announced that it has secured additional funding of approximately Dhs. 1 billion (appro ...
Wednesday, 25 December 13
DRY BULK INDEX LOST SOME GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Softer - )
The Dry Bulk Index lost some ground this past week, on the back of activity slowing down befor ...
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- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Wilmar Investment Holdings
- The University of Queensland
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
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