We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
 Contrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. The BDI index decreased by around 50% from mid-December until the end of January and moved to the ytd low of 595 points on 11 February. Although a moderate drop was expected – having become a “seasonal phenomenon”, with subsequent losses before and during the Chinese lunar year – the magnitude of the decline in rates and indexes was largely unexpected. Moreover, the extended Capesize weakness continues to keep the BDI below 700 points despite the fact that earnings for the rest of the sizes have substantially recovered in the past weeks.
As was expected, in a period of three months with low freight rates, asset prices were also affected. However, naturally, the decrease on assets did not equal the decline of the freight rates. In the Capesize sector, it is notable that within the first quarter of 2019, there were no SnP transactions. Owners of the specific segment, despite having witnessed a dramatic fall in rates are so far showing resistance.
In the Panamax sector, the ‘TAURUS OCEAN’ (78,819dwt-blt ’08, Japan) was sold last November for a price in the region of $14.5m, while a few days ago it was reported that the ‘ATLAS B’ (76,554dwt-blt ’08, Japan), was sold for a price in the region of $12.1m, similarly resulting to a 17% decrease.
The smaller decline of asset prices can be observed in Supramaxes of around 10 years old. The ‘OCEAN COLOSSUS’ (58,831dwt-blt ’10, Japan), was sold at end of December for a price in the region of $15.5m, while her identical sister ‘KOREAN LILY’ (58,713dwt-blt ’10, Japan), was sold two weeks ago for a price in the region of $14.2m, indicating only a 8% decrease.
There is greater asset price elasticity for Handysizes than that observed in Supramaxes. Indicatively, the ‘ASIAN BEAUTY’ (28,218dwt-blt ’11, Japan) was sold last November for a price in the region of $9.5m, while a sister vessel, the ‘TOKOMARU BAY’ (28,258dwt-blt ’11, Japan), was committed a few days ago for a price in the region of $8.2m, indicating a 14% decrease.
It should be noted that the aforementioned comparisons are indicative and do not accurately represent the exact asset price decreases across segments. They do, nevertheless, offer us an indication of the underlying pricing trends, coupled with how prices fared in the past few months.
The slow market recovery to pre-Christmas levels or similar, does not seem to be creating such a big concern in the SnP market. Despite the discounted rates, SnP activity remains elevated overall even though sellers have shown greater than expected resistance. There appears to be a positive sentiment generally, resulting in many ship-owners buying low or replacing older tonnage with more modern units. All in all, there is some optimism that there will be an increase of freight rates in q2 and q3, as indicated by charterers asking for vessels for period charters in far better levels compared to the spot market.
By Konstantinos Kontomichis
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
George Panagopoulos
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 18 October 19
SINGAPORE'S APEX TO LAUNCH LOW-SULFUR FUEL OIL CONTRACT AHEAD OF NEW SHIPPING RULES - REUTERS
Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulfur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and ener ...
Thursday, 17 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country’s ...
Wednesday, 16 October 19
INDIA CALLS FOR A RESET OF CLIMATE DEBATE ON COAL AS A FUEL - LIVEMINT
India on Tuesday called for a reset on climate debate on coal as a fuel, in the backdrop of India becoming one of the top renewable energy producer ...
Wednesday, 16 October 19
LESSONS LEARNT FROM CREW INJURED IN HEAVY WEATHER - UK P&I CLUB COMMENTS
KNOWLEDGE TO ELEVATE
Stuart Edmonston, Loss Prevention at UK P&I Club, discusses an incident in which crew were injured whilst on deck in ...
Wednesday, 16 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
In perhaps the most interesting market conditions of the past years, the tanker and the dry bulk industry have created a positive sentiment with re ...
|
|
|
Showing 1311 to 1315 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
|
| |
| |
|
