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Wednesday, 21 February 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
 2017 proved to be a relatively good year with positive margins for the Dry Bulk market. Especially during the last quarter of the year everyone can admit that it met expectations and we could arguably state that exceeded them. In the middle of December and just before the Christmas holidays, the BDI reached 1,700 points. The index hadn’t reached that specific number since January 2014, almost 4 full years. However, having entered 2018 and being halfway through the first quarter, we are witnessing an expected correction in the index. Like every year during Christmas and up to the peak of the Chinese Lunar New Year at the end of February, the Dry Bulk market is experiencing a decline which has been smaller in some years and larger in others. From the 12th December 2017 where the market reached its peak of 1,743 points the index started to decline. Currently the BDI remains in excess of 1.110 points and despite the correction in the index, which translates to around a 37% decrease, we observe a certain resilience, keeping it above 1,000 points.
Concerning the values for Bulk carriers we can argue that they are also resisting a decrease. Prices have remained stable on January and February, after the increase on the values during the last quarter of 2017. On the SnP segment, the increased values of the last quarter do not appear to be affected from the decreased TC rates, a fact which has proven the high expectations of ship-owners to be accurate. Buying interest for modern Japanese vessels remains firm across all sizes, with the supply of vessels currently being almost zero. The only modern five year old vessel which was sold in the middle of February was the “SOUTH TRADER” (180,200dwt-blt ‘13, Japan) which was sold to Singaporean buyers, for a price in the region of $36.5m.Two sales were reported for vessels which are around 10 years old. Handysizes “STAR LILY” (33,248dwt-blt ‘08, Japan) and “KUMANO LILY” (32,292dwt-blt ‘09, Japan) where sold en bloc to Hong Kong based buyers, for a price in the region of $10.3m and $11.2m respectively. On the other hand, buyers showing preference for Chinese vessels, proved to be relatively active, as we have had 17 SnP transactions comprising of 5 Handies, 5 Supras, 1 Ultra, 1 Kmax and 2 Post-Panamaxes.
The general feeling and the psychology shows to be positive and that is evident not only from SnP activity but also from the charterers side who, despite the decrease on T/C rates, have exhibited strong interest in T/C periods. Therefore, expectations from both sides coincide, both being optimistic. Lets see how positive the following months are going to be, and lets look forward for a strong 2018.
By Konstantinos Kontomichis
SnP Broker
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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Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the conti ...
Friday, 09 March 18
U.S. EXPORTED 97 MMST OF COAL IN 2017, A 61 PER CENT INCREASE FROM 2016 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.1 million short tons ...
Thursday, 08 March 18
BUMA SIGNED OVER US$ 500 MILLION WORTH OF NEW CONTRACT WITH PT TANAH BUMBU RESOURCES
PT Delta Dunia Makmur Tbk., announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into mining services ...
Thursday, 08 March 18
THE ENERGY CONTRIBUTION FROM COAL-BASED POWER PLANTS IS LIKELY TO INCREASE TO 1072 BU BY 2021-22 : PIB
Government of India has set an ambitious target of 175 GW from Renewable energy sources (RES) by 2022, which comprises of 100 GW Solar, 60GW from W ...
Thursday, 08 March 18
SUPRAMAX: THE MARKET IS STILL GOING STRONG IN THE PACIFIC - FEARNLEYS
Supramax
The market is still going strong in the Pacific, with Ultra fixing high US$ 13000+375000 bb for South Africa to ECI while nickel ore run ...
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- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
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