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Wednesday, 09 August 17
COAL HAS GAINED AROUND 40% OVER THE PAST TWELVE MONTHS; IRON ORE HAS MOVED FROM AROUND $50/T IN AUGUST 2016 TO OVER $70/T TODAY - INTERMODAL
 During the summer’s peak, and with the markets remaining relatively quiet, we can argue that most markets have built solid foundations to enjoy a strong Q4 and healthier rates compared to last year.
In order to put things into perspective, it would be enlightening to perform a mini review of some indices, values, and commodities compared to August last year. Average earnings for Capes were at around $5,500/day a year ago, whereas currently are above $11,500/day. Concerning the average dry bulk asset prices for 5-yr old vessels, all values across all segments are up when compared to August 2016, while the BDI today is above 1,000 points compared to the low 600s it was faring a year ago.
Moving on to the Tanker market, T/C rates have decreased compared to a year ago, especially for the crude carriers, while average asset prices for 5-year-old vessels have overall followed a similar direction. On the newbuilding market, we have gone from the non-existent dry bulk activity of last year to a relatively decent number of orders here and there throughout 2017, while even during the traditionally more quiet summer months there is still a bit of contracting volume reported as well. On the tanker side, the trend is even stronger, with sectors like VLCC and MR seeing a lot of activity since almost the beginning of the year.
In the demolition market, forecasts had predicted that demo activity would be higher, as in September last year Finland was the last member state that rectified the Water Ballast Convention that was scheduled to enter into force this fall. Recently, however, the IMO and IOPP agreed to extend for two years the time for compliance, which means that the new date is now September 2019.
Regarding some of the main cargoes for both dry bulkers and tankers, it would be interesting to take a look at the commodity market’s performance year on year. Iron ore has moved from around $50/t in August 2016 to over $70/t today and despite some recent downward correction the upward movement has once again resumed, with iron ore futures also suggesting an optimistic market ahead.
Coal has at the same time gained around 40% over the past twelve months, although in this case forecasts are mixed on the commodity’s future as India is closing down a number of mines. Focusing on other commodities; industrial metals such as aluminum have also been moving north. Agricultural products have shown a mixed picture, with some like soybean for example remaining into similar levels and other like corn has moved upwards. In the oil market, prices have been moving in a rather tight range for the bigger part of the past twelve months despite the extension of the OPEC production cut.
To conclude, it is a fact that everyone will enjoy their summer holidays with fewer concerns from last year. In general, all markets show some signs of stability, with some pressure being applied in the tanker market, but even there we sense some optimism for the remainder of the year.
By George Panagopoulos
Research Analyst
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 reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The 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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Thursday, 24 August 17
SUPRAMAX: LOW $10K FOR INDO COAL TRIPS TO INDIA; AROUND $10K FOR INDO TO CHINA TRIPS - FEARNLEYS
Supramax
This week Supras from the Black Sea on fhaul have seen numerous orders and improving rates.
53-57k dwt vessels have been fixed at e ...
Wednesday, 23 August 17
THE STRONG IRON ORE TRADE ROUTES SUPPORT CAPESIZE SEGMENT - INTERMODAL
The upward trend in the Capesize segment is definitely being supported by the strong momentum in the key iron ore trade routes. The price of high-q ...
Tuesday, 22 August 17
WHAT IS A RELEASE CALL?
KNOWLEDGE TO ELEVATE
Joining a mutual P&I Club means each Member shares in the fortunes of that Club and its membership. The continuity of ...
Tuesday, 22 August 17
THOSE DOG DAYS OF SUMMER STEEL PRODUCTION IN CHINA - COMMODORE
COALspot.com: One popular but inaccurate narrative that makes the rounds every June and July (and occurred again this year) is that China’s s ...
Monday, 21 August 17
BANPU REVEALS FIRST HALF 2017 WITH STRONG RESULTS; SUPPORTED BY HIGHER COAL PRICES
Banpu Reveals First Half 2017 with Strong Results from Higher Coal Prices Gearing Up to the Era of New Energy with Banpu Greener & Smarter Stra ...
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Showing 1961 to 1965 news of total 6871 |
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- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
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