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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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Friday, 25 April 14
US PRODUCED APPROXIMATELY 19 MILLION SHORT TONS OF COAL IN A WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 25 April 14
2ND MYANMAR ELECTRIC POWER CONVENTION 2014 IS THE GATEWAY TO MYANMAR POWER INDUSTRY!
Press Release: 2nd Myanmar Electric Power Convention (MEPC) 2014 is scheduled on 21-23 October, 2014 at Traders Hotel in Yangon, Myanmar. MEPC o ...
Friday, 25 April 14
DRY BULK MARKET LOOKING FOR NEW TRACTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market seems to have gained its footing after the past few dissapointing weeks, during which the Baltic Dry Index (BDI) shedded mos ...
Thursday, 24 April 14
HANDY : A FLOW OF FRESH REQUIREMENTS LIFTING THE PACIFIC SLOWLY TO US$ 10-11 K BSS SINGAPORE FOR COAL ROUNDS
Handy
There is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although th ...
Wednesday, 23 April 14
EUROPE WOULD BE HARD PRESSED TO REPLACE RUSSIAN GAS, FITCH RATINGS SAYS
A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immed ...
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- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
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