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Tuesday, 26 February 19
THE RELATIVELY DISAPPOINTING SCENE PORTRAYED IN THE DRY BULK MARKET RIGHT NOW - ALLIED SHIPBROKING
 The relatively disappointing scene portrayed in the dry bulk market right now (especially in the Capesize segment) is undoubtedly one of the prevailing topics as of late. From the start of this month the BDI has eased back to below 700bp and having recorded throughout this period an average of 624bp, there is little room for any bullish views to be portrayed at this point.
According to Allied research analyst, Thomas Chasapis, the focus now, is as to what sort of contagion the recent trends are having on other parts of the dry bulk market.
Allied latest report says let’s have a quick look at the paper market, with its portrayal of a steep reverse in sentiment and the new market “standard” which is prevailing right now. In the Capesize segment the FFA 5TC-average index figure for the remaining 2019 is now roughly at US$ 11,200 pd, while just at the end of the previous year, the figure was in the region of US$ 16,304 pd, a decline of 31.3%. Taking the same comparison for the other main size segments, the trend is fairly similar. For the 4TC-average of the Panamax, the decline was 13.4%, for the 10TC-average for Supramaxes was 7.5%, and finally, the Handysize TC average had a downward correction of 10%. If these corrections seem “petty” (except maybe that of the Capesize), just imagine where these numbers would be if we hadn’t witnessed this last 2-week mini rally in the freight market for the Panamax (+16.3%), Supramax (+62.9%) and Handysize (+23.9%).
Thomas Chasapis noted, many would argue that the FFA market is not the best reflection of forward sentiment for the actual freight market, with the argument being that a different set of drivers influence FFAs, some of which are not core fundamentals of the actual freight market. In any case, taking new-building activity as a secondary indicator as to forward sentiment the overall picture seems to be relatively the same. Looking at the past 3-months, total new contracting activity for the dry bulk segment as a whole in terms of tonnage capacity was 6.12MMdwt. While during the same period one year back, the equivalent figure was 13.1MMdwt, indicating a drop of 53.3%. Certainly, the main share in this decline is mostly attributed to the Capesize segment, which in fact truly has the most problematic and puzzling outlook for the time being. Notwithstanding this, even if we take as an assumption that most interested parties have already adopted a more conservative attitude, the slide in terms of new investments is still clearly apparent.
As a final key measure as to the prevailing forward sentiment we could also take a peek at what we have seen in the Sale & Purchase market as of late. In the year so far, we are a seeing a drop of 37.8% in terms of number of transactions taking place compared to the same period back in 2018, while in terms of total tonnage capacity this drop amplifies to 40.4%, also reflecting in part the shift in preference towards the smaller size segments. Moreover, if it wasn’t for the robust activity noted in the Panamax segment, nourished in part by the plethora of sales candidates circulated as of late in the market, we would be facing a significantly bigger drop. So, given that there isn’t the necessary optimism and/or appetite to push things further at this point, there is a general lack in confidence to push for any “bargain” hunting either. The correct description here therefore seems to be a that of a market in a “stand still”, something that may well prove to be more perilous than a market that has a clear direction even if that direction is one of a downward spiral.
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Wednesday, 06 March 19
KOREA SOUTHERN POWER CO INVITES BIDS FOR 980,000 MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
Wednesday, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
In a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially w ...
Saturday, 02 March 19
A 60,500-TONNER WAS BOOKED DELIVERY SINGAPORE, VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $11,250 - BALTIC BRIEFING
Capesize
Vale’s ongoing absence from the Brazil spot market continued to have a negative impact on sentiment, with rates falling in all a ...
Thursday, 28 February 19
COAL'S PERFECT STORM HITS $70 BILLION AUSTRALIAN PROJECTS - BLOOMBERG
It’s been a tough few weeks for our coal industry.
First there was a court ruling blocking a new mine on climate change ground ...
Wednesday, 27 February 19
SHIPPING MARKET INSIGHT - INTERMODAL
With the IMO 2020 approaching, it becomes challenging for the market to accurately explore the run-up to the deadline given that marine fuel-oil of ...
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Showing 1456 to 1460 news of total 6871 |
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- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- White Energy Company Limited
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
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