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Friday, 13 November 15
DRY BULK, IT IS HARD TO MAINTAIN AN OPTIMISTIC VIEW FOR THE NEXT COUPLE OF MONTHS - INTERMODAL
 COALspot.com: The dry bulk owners looking for cover remained under pressure for size segments across the board. With Capes closing off the week as the biggest losers yet again and enquiry for the geared sizes still unable to catch up with the volumes of ballasters in key trading regions, sentiment took another hard hit last week, said Intermodal ship broker in its this Wednesday report.
According to Intermodal, the Greece based broker, it is hard to maintain an optimistic view for the next couple of months, as trade fundamentals in both basins are outlining further challenges ahead. On one hand grain cargoes in the Atlantic have failed to support the market so far, while in the pacific, coal trading is still weak overall, with India’s growing imports offsetting part of the Chinese void but doing so to an extent Insufficient to bring balance to the market there.
The broker further noted that, stranded by limited fresh business, rates for Capes succumbed to further pressure last week, with period numbers correcting further downwards as well, while the average rate for the segment moved below $8,000/day after almost five months, washing over the market with renewed fears of new historical lows this coming winter.
“ Any positive spillovers deriving by the boost in activity the Atlantic Panamax market saw during the week prior, were completely wiped off last week as the number of ballasters arriving in the ECSA grew disproportionally compared to enquiry in the region, while things in the Pacific it was a charterer’s market for yet another week” Intermodal said in its report on 11 Nov.
The Handymax/Supramax market was still getting decent numbers ex-USG and ECSA last week, albeit reported business was steadily below last dones. Handy size rates kept looking for a floor, with the BHI closing off on Friday (6 Nov) 63 points above 201 lows.
Demolition Market
While commenting on demolition market, Intermodal says that, bring on the Capes Given that news from the freight market continue to exert great pressure on Dry Bulk owners it definitely comes as no surprise that two additional Capes were reported to have found their way to recycling yards last week.
The bad freight market for bulkers coupled with low demo prices, are definitely a bad combo for the creation of a strong demolition trend as the one we witnessed in the beginning of the year. Bulker owners of vintage tonnage, partly hoping for a market rebound and partly being deterred by low demo bids, are currently trying to weigh their options, a decision that might become a bit easier if the freight market continues to disappoints, which is definitely a scenario more possible than that of demo prices significantly recovering in the following months.
In terms of activity last week, Intermodal noted that, the breakers in Bangladesh and Pakistan continue to attract most of the demo candidates at the moment, while with prices in India moving further south last week, we don’t expect them to feel any pressure to increase their bids much more. Prices this week for wet tonnage were at around 145-330 $/ldt and dry units received about 125-310 $/ldt.
The highest price amongst recently reported deals, was that paid by Bangladeshi breakers for the Container vessel “MSC CHALLENGER” (37,915dwt-14,966ldt-blt 86), which received $336/ldt, says Intermodal.
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Tuesday, 26 January 16
Q3'16 CFR SOUTH CHINA COAL SWAP DROPPED BELOW $41 A TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery rose US$ 0.82 (1.94%) per ton month over month.
A commodity swap is ...
Tuesday, 26 January 16
OUTLOOK FOR GLOBAL OIL MARKETS - OPEC SECRETARY GENERAL
Opening address by HE Abdalla S. El-Badri, OPEC Secretary General, at the Chatham House Conference: Middle East and North Africa Energy 2016, Theme ...
Monday, 25 January 16
5700 GAR COAL INDEX CLOSED $ 50.08 PER TON, $0.20 LOWER FROM LAST WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 1.35 percent week over week to averaging $39.39 per ton on this past Friday, ...
Monday, 25 January 16
SHOULD A DEFAULTING PARTY BE ENTITLED TO AN INNOCENT PARTY'S SAVING, FOLLOWING THEIR BREACH OF CONTRACT? - THE NEW FLAMENCO REVISITED
KNOWLEDGE TO ELEVATE
This case was addressed by the club in our of January 2015, when the High Court decision became available. The background ...
Monday, 25 January 16
DRY BULK SHIPPING: A MISERABLE START TO A NEW YEAR, WHERE THE MARKET STRUGGLES TO GROW AT ALL - BIMCO
The global production of steel dropped in 2015 compared to 2014, to a larger extent outside China, as China exported its surplus of steel to destin ...
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- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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