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Wednesday, 18 April 18
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
 The return of traders and charterers from the Easter festivities came along with a slight increase in activity across the edible oil markets. However, in most cases tonnage supply has been more than enough to meet demand and rates have been moving sideways as a result.
At the same time the CPP markets are not supporting the situation at all, while a trade war between China and USA is having its own effect in certain routes. Additionally, changes on import/export taxes in the regional palm oil market are also shaping the cargo flow.
As things stand, fundamentals in the veg oil market ex- South America are in charterers favour. CPP freights in the West have been in the doldrums and this is having an effect on veg oil freights as well, as several CPP owners try to find leverage on alternative markets. In addition, an increased import of CPP into Argentina/Brazil is building a long tonnage list in the South Atlantic. As if there were not enough negative factors in the market, the threat of China imposing import taxes on US agricultural products, including soy beans, is causing additional headache to traders.
The tax, which is considered a countermeasure on taxes already imposed by US on several products imported from China, is making traders cautious. This is to say that while soybean price from US has depreciated, the premium gained on the back of it by the soybean price from Argentina and Brazil, has in many cases made the product too expensive for the local crushers to buy. For the record, freight rates are still moving sideways at last done levels, USD mid-30s pmt bss 2/2 (South America/ India) on min 40,000mt.
Freight rates from the Black Sea are currently under pressure. While there is a steady flow of cargoes, the poor CPP market is pushing more Handy and MR tankers to look at loading sunflower oil from the Black Sea, however, shipments for the latter size are becoming scarcer lately. The 30-35,000mtons parcels to India are currently paying about USD high-30s/low-40s, while 35-40,000mtons parcels to China are paying about USD mid-40s, depending on port combination.
The long-haul palm oil market has generated some decent rates during the past month. However, given that the tonnage list for May is longer, unless there is an increase in activity, the positive trend is unlikely to continue. The rates for FOSFA MR ships on a TC Trip Far East/Europe are currently between 15,500-16,500 USD/pd.
Looking into the regional market, it is evident that the increased tax by 14% on India’s palm oil imports has had a significant impact on the country’s buying interest. On the contrary, Malaysia’s decision to suspend export taxes on CPO until the end of April has been partly offsetting the lack of activity in the region. Moreover China’s recently imposed 25% tariff on US soybean imports could generate a growth in demand for regional palm oil, as CPO can be used as an alternative in certain circumstances.
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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Wednesday, 14 February 18
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
The second month of the year is traditionally a particularly interesting one for the shipping industry as a whole and even more importantly for the ...
Monday, 12 February 18
PANAMAX: WITH LIMITED FRESH ENQUIRY IN ALL AREAS, SPOT MARKET RATES DRIFTED LOWER THROUGHOUT THE WEEK - BALTIC BRIEFING
Capesize
A switch to the Atlantic with rates firming as charterers seemed keen to fix and tonnage was tight, prompting a recovery in rates. Trans ...
Monday, 12 February 18
WORLDWIDE: 'DEMURRAGE CLAIMS' FOR THE PURPOSES OF DOCUMENTARY TIME BARS
KNOWLEDGE TO ELEVATE
On 2 February 2018 the Commercial Court allowed an appeal from a decision of the Arbitration Tribunal in Lukoil Asia Paci ...
Saturday, 10 February 18
COAL INDIA ON PATH OF SUSTAINABLE PRODUCTION GROWTH AND SUPPLY TO POWER AND NON POWER SECTOR - PIB
Supply of 371.8 MT of Coal to Power Sector and 103.1 MT Coal to Non-Power Sector Achieved in 2017-18 Till January,2018 Average Rake Loading To The ...
Saturday, 10 February 18
OIL PRICE USD 100/BARREL BY END OF 2018! - SAROJ MOHAPATRA
All demand supplies calculations are going wrong in oil market at present. US production is increasing at a good pace and set to topple Saudi comfo ...
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Showing 1806 to 1810 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Planning Commission, India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Central Electricity Authority - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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