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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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Friday, 24 April 15
IS INDIA THE 'NEW CHINA' WHEN IT COMES TO THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been feeling the “heat” of China’s slowdown and together with the industry’s own failings, with ove ...
Friday, 24 April 15
GLOBAL STEEL PRODUCTION OUTSIDE OF CHINA CONTINUES TO FARE VERY POORLY - JEFFREY LANDSBERG
COALspot.com: Data released this week showed that global crude steel production totaled approximately 138.05 million tons in March.
Wha ...
Friday, 24 April 15
WEEKLY U.S. COAL PRODUCTION ESTIMATE FALLS 5.7% FROM LAST WEEK
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.0 million short ...
Wednesday, 22 April 15
PANAMAX : ATLANTIC HOLDING ON TO THE GAINS OF THE PREVIOUS WEEK; PACIFIC BUSINESS SLID QUIETLY
COALspot.com: The Dry Bulk market managed to close off the week on a positive note last Friday, while as opposed to what we have been used to, it w ...
Wednesday, 22 April 15
TANKER MARKET INSIGHT - STRATOS TINIAKOS
The current environment we experience as a result of low crude oil prices is characterized by the increased demand for petroleum products in OECD c ...
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- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
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