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Wednesday, 06 September 17
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
 The impact of Hurricane Harvey, which made landfall on 25th of August in South East coastline of Texas area has been the major concern of the shipping world –and not only- during the last weeks. The phenomenon has certainly been the barometer of the MR product tanker market within the Atlantic basin and likely to affect movements in further parts of the world.
Although freight rates significantly increased on the back of the tropical storm, by Friday 1st Sept, when ports started to partly operate again, rates had leveled off but were still very satisfying. As is so often the case with market dynamics owners dedicated in the edible oil markets wait to get an advantage of the developing situation.
It looks like the end of the summer months and the hurricane has brought a much-needed awakening in the S. American veg oil business. The last weeks we have seen the September inquiries being covered and cargoes already out for October dates. As long as the Atlantic CPP market remains firm, Owners will try to push freight rates for veg oil exports from S. America upwards.
There are already more and more ships ballasting north–and as a result shortening the supply of available vegetable oil candidates. The going market rate to India for 40,000MT shipments basis 1 load / 2 discharge ports is USD low 40 pmt basis 35,000mtons.
It looks like the long-haul MR Palm oil market is reviving and Owners have adopted a bullish position. Following a very lively August, September is following the same pace and charterers are now trying to cover their forward inquiries early. This is to say that the FOSFA MR available tonnage for September is scarce, while charterers are already looking ahead to book for October.
The T/C Trip benchmark with delivery at charterers’ preferred load port and redelivery in the Med-Cont-USA is $15,000/day. However, we dare to say that this number is likely to increase a lot further if current activity is sustained, as there are already rumors for significantly higher numbers being negotiated at the time of this writing.
The regional palm oil market has certainly sustained healthy activity with India leading the way in imported volume and China gradually increasing its demand ahead of the golden week holidays, although freight rates have so far failed to move accordingly. Surprisingly, this is against the fact that India has increased the taxes on import of crude palm oil (15% up) and refined palm oil ( 25% up) from Indonesia and Malaysia.
If a call has to be made on the last quarter of the year, it would be fair to say that if current positivity on the edible oil market and the rush in the Atlantic does not cool-off, owners will be on track for a better end to the year.
By Stelios Kollintzas
Specialized Products
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.
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Tuesday, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
Tuesday, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an I ...
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Showing 1891 to 1895 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Deloitte Consulting - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Indonesian Coal Mining Association
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