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Wednesday, 05 February 14
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
 COALspot.com: The Dry Bulk market has lost further ground this past week as activity ex-Far East disappeared into the Chinese holidays and owners ideas lowered further in the absence of meaningful fixing enquiry across all size segments.
Chartering (Wet: Softer- / Dry: Softer- )
The BDI closed today (04/02/2014) at 1,084 points, down by 9 points compared to yesterday’s levels (03/02/2014) and a decrease of 93 points compared to previous Tuesday’s closing (28/01/2014). It was red across the board for the crude carriers as well, with Suezmax rates correcting further downwards and sluggish VL activity eating into all the upside achieved the week prior. The BDTI Monday (03/02/2014), was at 958 points, a decrease of 174 points and the BCTI at 606, remaining unchanged compared to the previous Monday (27/01/2014).
Sale & Purchase (Wet: Stable+ / Dry: Stable+ )
SnP activity continues to witness firm levels and so do second hand prices, which continue to ignore the performance of freight rates across both the wet and the dry sectors. On the tanker side, we had the en-bloc sale of the “SCF BYRRANGA” (159,156dwt-blt 05, S. Korea) and the “SCF ALDAN” (159,062dwt-blt 05, S. Korea), which were reported sold to Greek buyers for a price of US$ 35.0m each. On the dry bulker side, we had the sale of the “CHENGYANG PIONEER” (76,202dwt-blt 13, China), which was picked up by Chinese owner SITC, for a price of US$ 27.0m.
Newbuilding (Wet: Firm+ / Dry: Firm+ )
It’s been a long time since we last witnessed activity in the newbuilding market slowing down. It seems that the Lunar New Year has taken its toll on the newbuilding front as well, as Chinese yards have stepped back from aggressively marketing their slots and are expected to revisit their strategy as the new year will kick off. Having said that, we can’t help but wonder whether this current pull back might be marking the beginning of a prolonged period of slower activity. The fact is that newbuilding prices have firmed considerably and even if the current freight market continues to remain under pressure, thus not making a strong case for newbuilding prices at these levels, it will be very difficult for any of the more well known yards to start decreasing their prices as this would act as the catalyst for an overall market correction, much undesired by the newbuilding industry altogether. In terms of new orders, S. Korean owner Sinokor has exercised options for four Capesize vessels (180,000dwt) at Daehan in S. Korea, for a reported price of $ 53.0m each.
Demolition (Wet: Stable+ / Dry: Stable+ )
Things in the demolition market remained quiet last week, with a small number of deals being reported all round. Despite the sluggish activity, prices seem to have sustained their levels significantly on the back of steel prices stabilizing and local currencies appearing stronger against the USD. Even though Monday kicked off with offers coming in lower, the market has in fact rebounded just before the weekend and we are currently hearing that current bids are on the rise again in the India sub-Continent. This can be attributed to the fact that there have been talks about tax cuts in India, which are very possible to materialize, while at the same time the supply of demo candidates has been somewhat short of expectations and capacity. In Pakistan we have yet to see any meaningful reaction in terms of matching the competition’s bids, while things in China were destined to be quiet for yet another week, especially with holidays in the country being underway. Average prices this week for wet tonnage were at around 350-450$/ldt and dry units received about 340-445$/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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Thursday, 06 February 14
THE WORLD LARGEST COAL EXPORTER SHIPPED AROUND 35.90 MMT OF COAL IN DECEMBER 2013
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $2* billion worth ...
Thursday, 06 February 14
PANAMAX: FAR EAST IS ALMOST ABSENT AND ATLANTIC ON SLOW STEAM
Handy
Due to ongoing Chinese New Year the market is still quiet. Slowly we can see some fresh coal cargos entering the market with second half Feb/ ...
Wednesday, 05 February 14
MARKET INSIGHT - TASOS PAPADOPOULOS
KNOWLEDGE TO ELEVATE
COALspot.com: Let's take a break from market prospects, numbers, order book etc. and shed some light on the conclusions of ...
Tuesday, 04 February 14
NEWCASTLE PORT'S WEEKLY COAL EXPORTS HIT NEW HIGH OF 3.53 MMT
COALspot.com: In the week ended 3 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
Monday, 03 February 14
SUB-BIT INDONESIA COAL SWAP GAINED WEEK ON WEEK
COALspot.com – Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter of the fuel, according SGX.
...
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- ASAPP Information Group - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- The University of Queensland
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
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