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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.
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Friday, 10 April 15
DRY BULK MARKET'S DOWNFALL ALSO OFFER INVESTMENT BARGAINS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Dry bulk market rates have fallen to historical lows over the past few weeks, with no clear path of recovery, at least in the near term. As such, m ...
Thursday, 09 April 15
CAPESIZE: RATES ARE STILL DISAPPOINTING - FEARNLEYS
Handy
The handy market had a stronger sentiment before the Easter holidays, but have as the bigger panamaxes seen a softening tendency this week. ...
Wednesday, 08 April 15
DRY BULK MARKET SEEMS UNABLE TO CATCH A BREAK - INTERMODAL
COALspot.com: The Dry Bulk market seems unable to catch a break these days.
According to Intermodal, following the market stabilization that p ...
Wednesday, 08 April 15
CHINA BURNS HALF OF THE WORLD'S COAL - CHRISTOPHER T. WHITTY
Intermodal Weekly Market Update
China is the world's largest consumer of coal, using more coal each year than the United States, the Europ ...
Tuesday, 07 April 15
SUB-BIT FOB INDONESIA COAL SWAP KEEPS DROPPING; DROPPED 2% W-W
COALspot.com: Indonesian coal swap for delivery Q2 2015 declined month on month and week over week.
The Q2 swap was declined US$ 2.44 (5.14%) ...
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- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Planning Commission, India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
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