We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 08 January 14
THE DRY BULK MARKET HAS LOST SOME OF ITS STEAM THESE PAST COUPLE OF DAYS: INTERMODAL
 Chartering (Wet: Softer- / Dry: Softer- )
The Dry Bulk market has lost some of its steam these past couple of days although hires, especially for the larger Capesize vessels, are still holding at relatively good levels. The BDI closed today (07/01/2014) at 1,876 points, down by 75 points compared to yesterday’s levels (06/01/2014) and a decrease of 401 points compared to the pre-Christmas closing (24/12/2013). The tanker market was a touch softer these past couple of days. Nevertheless, this small correction is relatively minor compared to the rally seen during the last days of 2013. The BDTI Friday (06/01/2014), was at 1,006 points, an increase of 9 points and the BCTI at 607, a decrease of 9 points compared to the pre-Christmas closing (24/12/2013).
Sale & Purchase (Wet: Firm+ / Dry: Firm+ )
Despite much of the industry being distracted by the Holiday festivities, a number of owners took this perfect opportunity to swoop in and act, securing a number of vessels before the market strengthens any further as they believe. Prices as such witnessed a further increase during these past two weeks, and although are still on the low end compared to their most recent historical levels, they are now at well above (on average +30% Y-O-Y gain) the absolute lows of early 2013. On the tankers side, we had the enbloc sale of the “VALCONE” (109,060dwt-blt 09, China) and “VALPIAVE” (109,060dwt-blt 10, China) which were reported sold for a price of US$ 28.0m each. On the dry bulker side, we had the sale of the “ST. ANDREW” (82,000dwt-blt 13 S. Korea) which was picked up for a price of $ 6.8m.
New building (Wet: Firm+ / Dry: Firm+ )
Despite many yards having relaxed their marketing activity as they closed off the year, there was still significant interest amongst several buyers allowing for further deals to emerge over the Christmas break. The New Year now seems to be on a good foot and as prompt delivery seems to no longer be an option for most of the top tier yards, this seems to serve as a further market catalyst, propelling both interest and in turn prices for new building orders. What’s even more notable from this most recent rise in prices is that you are currently paying a significant premium to what you would have played a year back and in turn you receive a longer wait until delivery. This is what most owners had been fearing while, it is also what has helped prime prices for resale units and in turn prices for very modern second-hand vessels. In terms of new orders, Russia’s Yamal LNG, handing over a tender for 16 ice-class LNG carriers(170,000cbm) to Daewoo of S. Korea, for a reported price of $ 300.0m each.
Demolition (Wet: Softer- / Dry: Softer-)
Despite the intense competition and further price hikes that we witnessed during the last month of 2013, things seemed to slow down as we switched over to the New Year. Both the Bangladesh and Pakistan market lost their strong foothold and firm prices leaving Indian breakers with a chance to secure high profile tonnage with less competition and at slightly softer prices to what they probably would have paid around a month prior. Only China was looking to hold firm despite having not seen any significant activity in terms of deals concluded. There is still a significant gap between China and the Indian Sub-Continent, something which now looks to likely hold for the upcoming months as well. Average prices this week for wet tonnage were at around 350-445$/ldt and dry units received about 340-430$/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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 3861 to 3865 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Economic Council, Georgia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
|
| |
| |
|
