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Wednesday, 29 April 15
MARKET INSIGHT - INTERMODAL
 The figures of China’s slowing down imports of coking coal for the first quarter of the year are coming to confirm what everybody was expecting to see, since the government has been actively supporting the country’s shift to using cleaner energy resources. Australia is currently the major producer who suffers from this slowdown of Chinese imports; however the land Down Under still remains the main supplier of coking coal for China.
During the first quarter of the year, the total import of coking coal was 10.92 mil mt, a figure that represents a drop of 16% compare to the last quarter of 2014. It is worth mentioning that the imported quantity during March was reduced by 21% compared to the same month last year and 26% compared to February 2015.
On the other hand, according with China’s custom reports, China imported 80.51 mil mt of Iron Ore in March 2015 which is a substantial increase of 8.85% compared to last month. In total, China imported 23mil mt of Iron ore during the first quarter of the year, which is higher by 2.4% compared to the same quarter in 2014. Despite this uptrend in iron ore imports fundamentals still remain somewhat challenging for the trade, as demand of steel in the local market is still not meeting expectations of a healthy market with end users still lacking positive sentiment for the market going forward, which in turn translates into cautious purchasing.
Together with the above negative prospects comes the poor freight market of the last six months, which drove many Chinese Ship Owners to divert their interest from mid 90’s Panamax vessels to smaller tonnages and especially to mid 90’s Handymaxes. That new demand came together with some Middle East interest, which managed to raise this specific market around 10%. According to the last done, a Japanese 95 blt Handymax with SS/DD due should be in the region of USD 4.25mil, while a couple of months ago it was reported at around USD 3.8mil.
On the other hand in the mid – high 90’s Panamaxes every last done comes in lower levels than the previous one. It is worth mentioning, that Panamax tonnages presently circulating in the market, are significant more than any other dry bulk size segment and their price ideas are related to their demo value plus some premium always depending on the exact age of the ship.
For the younger/modern Panamax/Kamsarmax tonnages, activity remains high with many Greek buyers inspecting/offering, however most Sellers, especially Japanese, are still holding back as they are not considering the low levels they see, expecting an improved market in the near future, which hopefully will come soon on the back of this extended period of poor freight rates ending.
Since our Shanghai office always tries to maintain a positive thinking and focus on the positive aspects of life no matter what is happening in the market, we would like to conclude this report giving our Warmest Wishes, to our Shanghai colleague Yonan Wang and to our Athens’ colleague Konstantinos Kontomichis as they are both getting married this weekend.
By Shanghai Office SnP Team
Intermodal
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
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, 01 June 15
35,000 MW POWER PLANTS TO BOOST COAL CONSUMPTION - JP
The government’s program to develop 35,000 megawatt (MW) power plants will increase domestic coal consumption, which currently stands at arou ...
Monday, 01 June 15
API 5 FOB NEWCASTLE COAL SWAP; Q1'16 CLOSED LOWER COMPARED TO Q3'15
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.36 per MT (0.80%) month over month. The swap was closed at US$ ...
Monday, 01 June 15
CFR SOUTH CHINA COAL SWAP: GAINED W-W, M-M; Q1'16 CLOSED HIGHER THAN Q3'15
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery up US$ 1.15 (2.26%) per MT month over month.
A commodity swap is a f ...
Sunday, 31 May 15
CAPE AND PANAMAX SEGMENTS SLIDE CONTINUES
COALspot.com: The BDI was up about 0.5 pct week on week and closed at 589 points while the cape index was fell 0.73 pct and closed at 810 po ...
Friday, 29 May 15
DRY BULK MARKET IS THE VICTIM OF A SHIFT IN DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The fall in dry bulk freight rates is attributed, in large part, to the substantial decrease of China’s thermal coal imports, a major commodi ...
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- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- The University of Queensland
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
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