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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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Wednesday, 15 July 15
ANY FUTURE IRAN OIL DEAL WILL BOOST SUPPLY FUNDAMENTALS WITH TANKER OWNERS HOPING FROM TEHRAN TO QUICKLY BOOST ITS PRODUCTION
With the Greek “Euro-drama” apparently over, at least for now, Iran’s oil deal still remains elusive, with any potential agreemen ...
Tuesday, 14 July 15
FOB NEWCASTLE COAL SWAPS MAINTAIN OVERALL NEGATIVE TONE THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery down $ 1.02 per MT (-2.23%) month over month to US$ 44.68 per mt. The swap ...
Tuesday, 14 July 15
CFR SOUTH CHINA COAL SWAPS DECLINE THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 1.47 (2.82%) per MT month over month.
A commodity swap ...
Monday, 13 July 15
THERMAL COAL IMPORTS SOAR 23 PER CENT TO 24.08 MILLION TONNES AT 12 MAJOR INDIAN PORTS
Import of thermal coal jumped 23 per cent to 24.08 million tonnes at 12 major ports in the first quarter of the fiscal, even as the government cont ...
Monday, 13 July 15
THE DRY BULK MARKET CLOSED ON A POSITIVE TONE THIS PAST WEEK
COALspot.com: Despite Greece crisis and turmoil in the stock market across the world , the freight market overall was firm and up in all segments t ...
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Showing 2926 to 2930 news of total 6871 |
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- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
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