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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 $336/ldt, says Intermodal.
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Thursday, 05 November 15
INFORMATION EXCHANGE GROUP'S LATAM MINING SECURITY SUMMIT 2016 - INTERNATIONAL CONFERENCE ON TECHNOLOGY SECURITY IN MINING
Press Release: LATAM Mining Security Summit 2016 is a carefully designed event that will bring together the leading stakeholders in the mining sect ...
Wednesday, 04 November 15
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
Four companies dominate global iron ore production, namely; BHP Billiton, Vale, Rio Tinto, and Fortescue Metals Group. Together these companies con ...
Wednesday, 04 November 15
FOB RICHARDS BAY COAL SWAPS GAIN W-W AND M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and month over month.
The Q4 swap was up US$ 1.4 ...
Tuesday, 03 November 15
THE DISCHARGE OF CARGO IN THE PRC WITHOUT ORIGINAL BILLS OF LADING - CLYDE&CO
KNOWLEDGE TO ELEVATE
On occasions, a vessel may arrive at a port and be ready to discharge but the original bills of lading in respect of the ...
Tuesday, 03 November 15
API 5 FOB NEWCASTLE COAL SWAPS DECLINE CONTINUES
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery slid $1.84 per ton (4.34%) month over month to US$ 40.54 per ton. The swap ...
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- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
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