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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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Monday, 21 August 17
INDIA'S COAL IMPORTS DECLINE TO 192 MT IN FY17 - PTI
Import of coal saw a decline of 6.37 per cent to 191.95 million tonnes (MT) in 2016-17 on higher production by CIL that saw the country move to a r ...
Monday, 21 August 17
FIRM DEMAND FOR CAPES CONTINUE TO SUPPORT DRY BULK SHIPPING
COALspot.com: The freight market was continued to rose this past week compared to the previous weeks, as BDI, Cape and Panamax indexes show a posit ...
Friday, 18 August 17
U.S. WEEKLY COAL OUTPUT UP 2.1% WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 17 August 17
DESPITE A HOLIDAY-DISRUPTED WEEK IT HAS BEEN A NEW ACTIVE WEEK FOR THE PANAMAXES - FEARNLEYS
Supramax
A very quiet start to the week with holidays in several countries. USG still bringing good results supported by a tight tonnage availabl ...
Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the mos ...
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Showing 1966 to 1970 news of total 6871 |
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- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Planning Commission, India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- MS Steel International - UAE
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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