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Wednesday, 05 March 14
LEAVE IT TO CAPES TO CHANGE THE DIRECTION OF THE DRY BULK MARKET - INTERMODAL
 Chartering (Wet: Stable- / Dry: Stable+)
Leave it to Capes to change the direction of the Dry Bulk market. The big bulkers managed to drag the BDI higher, while Panamaxes are still struggling with unfavourable dynamics in both basins. The BDI closed today (04/03/2014) at 1,1325 points, up by 49 points compared to yesterday’s levels (23/03/2014) and an increase of 128 points compared to previous Tuesday’s closing (25/02/2014). Rates for VLs lost further ground this past week but firm volumes of activity have prevented the market from noting bigger declines, while the rate for the WAF/USAC voyage almost doubled in TCE terms after hovering around levels close to barely covering OPEX during the past couple of weeks. The BDTI Monday (03/03/2014), was at 717 points, a decrease of 36 points and the BCTI at 627, an increase of 21 points compared to the previous Monday (24/02/2014).
Sale & Purchase (Wet: Stable+ / Dry: Stable+)
SnP activity has slowed down further this week, with Panamax and Supramax tonnage monopolizing dry bulker sales. With the freight market moving sideways, it seems that potential buyers might need a bit more convincing before placing their bids. On the tankers side, we had the sale of the “KIM JACOB” (159,211dwt-blt 98, S. Korea), which was reported sold to Greek buyers for a price of US$ 14.5m. On the dry bulker side, we had the sale of the “WHITE HALO” (55,830dwt-blt 12, Japan), which was picked by Greek buyers for a price of US$ 30.0m.
New building (Wet: Stable+ / Dry: Stable+)
With newbuilding prices having quickly risen during the past year and slots being take up fairly swift for 2016 delivery, it looks as though we may have an eager rush for securing part of what appears to be limited shipbuilding capacity. The fears shared by many in the industry continue to be that this might escalate into yet another over exaggerated order book if the freight market doesn’t follow. Saying that, things continued to cool off this week, with the majority of the deals that were reported being exercise options of previously inked orders. It seems that the general market uncertainty, brought about both by the most recent events in Ukraine and by the considerably higher prices of this year compared to 2013, seems to have awakened a more cautious investment approach amongst owners considering placing an order, albeit this trend is most probably temporary. In terms of new orders, Taiwanese owner Sincere Navigation has placed an order for one VLOCs (250,000dwt) in China, for a reported price of $ 64.0m.
Demolition (Wet: Stable- / Dry: Stable-)
Activity on the demolition front has slowed down this past week and it seems that the market has no specific direction as we are watching prices moving both south and north depending on the country where bids are coming from. India is holding on tight to its Queen of Demolition title for yet another week, with average prices quoted still achieving very firm levels for both wet and dry tonnage. Despite the fact that there is a substantial amount of demo candidates in the country, this somehow hasn't weighed down on prices yet and it may well be that cash buyers are not willing to negotiate their vessels at softer prices. At the same time Bangladesh sat on the sidelines as local breakers appeared to be uninterested to follow the competition to further high levels. As Bangladesh remained inactive, Pakistan returned back into action, while Chinese yards were, once more, simple observers to any action taking place, especially after bids coming out of the country lost some further ground as well. Average prices this week for wet tonnage were at around 330-470$/ldt and dry units received about 320-465$/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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Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...
Tuesday, 29 April 14
NEWCASTLE SHIPPED 3.03 MILLION TONS WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 28 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...
Tuesday, 29 April 14
Q2 API 8 CFR SOUTH CHINA COAL SWAP LOST 0.29% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 0.29 percent month on month and closed at US$ 75.43 per mt as o ...
Monday, 28 April 14
CHINA LIKELY TO FALL SHORT OF NUCLEAR POWER TARGETS AT 175GW OF CAPACITY BY 2030 - WOOD MACKENZIE
Coal will remain dominant supply at 64% of power mix
Wood Mackenzie forecasts that China will not meet its environmentally-driven, government ...
Sunday, 27 April 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK
COALspot.com: The freight market seems to have bottomed out and saw some marginal gains in all segments, said Capt. Reddy of Vistaar Shipping In ...
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- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
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