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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, 11 May 15
API 5 FOB NEWCASTLE COAL SWAP; INCREASED M-O-M; DECLINED W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.62 per MT (1.41%) month over month and lost US$ 0.88 week on w ...
Monday, 11 May 15
CFR SOUTH CHINA COAL SWAP: DECLINED MOM AND WOW
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.46 (-0.90%) per MT month over month and US$ 0.28 (0. ...
Monday, 11 May 15
KOREA MIDLAND POWER INVITES BIDS FOR 140K MT OF 4600 NAR COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued a new tender to buy total 140,000 Metric Tons (MT) of Sub-bitumi ...
Sunday, 10 May 15
FREIGHT RATES TO REMAIN SOFT NEXT WEEK
COALspot.com: The freight market was flat to soft week over week except for the Cape Index which was up 7.32%. Cape index was closed at 616 p ...
Friday, 08 May 15
BUSIEST CAPESIZE DEMOLITION MARKET EVER - BIMCO
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.
The dry bulk market has long suffered f ...
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- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- White Energy Company Limited
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
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