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Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
 Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost a given, the continuous decline in the dry bulk rates has stopped any ambitions owners might have had for SnP transactions.
With the American President announcing new tariffs on iron ore imports and his aspirations to strengthen the US steel industry, concerns are rising in the market. On the other hand, cause for concern is caused by China weakening after a number of years when the oversupply of raw materials as well as global trade as a whole were largely dependant on the growth of Chinese growth rates. Therefore, the only possible solution for the recovery of the shipping market is scrapping. Fortunately, the current scrap value for dry bulk carriers is around $430/ldt for small tonnage vessels up to $470/ldt for big tonnage vessels. Increasing scraping activity is a visible solution that could give a future boost in the dry bulk market. To put things into perspective, the first signs with regards to scraping for the q1 2019 are positive, together with a small decline in dry NB orders, when comparing in both markets with the q1 2018.
The correction on values in the dry bulk market has created some expectations that we might witness the same levels in asset values as in 2016. However, the freight market is not at the same levels like 2016 and with the new regulations coming into force, this specific scenario does not look like it will be easily materialised, as the variables are vastly different. However it is worth analysing where the market currently stands in every segment.
In the Capesize sector it is indicative that vessels of any age do not to have any buying interest, and last week we had the first sale of a capesize in 2019.
In the Panamax/Kamsarmax sector we are seeing a lot of interest especially from Greek buyers, for vessels build from 2004 to 2008, as they possibly anticipate a healthier freight market in the near future or are look to resell when the freight rates increase. A representative example is the Kamsarmax ‘YARRAWONGA’ (82,624dwt-blt ‘08, Japan) were around 10 potential buyers inspected without being sure if the vessel is going to be sold definitely.
In the Supramax sector, we observe specific ship-owners showing interest into Japanese vessels, together with some Greek owners who consider selling their tonnage into more premium levels.
Lastly, over the past few weeks, the majority of sales were on the Handysize sector. It has been some time since we saw sales of Chinese vessels since the Carval deal where, even though it was an en-bloc deal, despite the minimal buying interest shown in the specific vessels, they were sold in line with the last done deal of December ‘BONNIE VENTURE’ (32,500dwt-blt ‘12, China).
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Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
Friday, 12 March 21
BATTERIES ARE REPLACING COAL NOT GAS - IEEFA
No amount of government subsidies can halt gas’s decline
Batteries are replacing coal not gas.
Today the early ...
Friday, 12 March 21
RENEWABLES SHOULD BE FOCUS OF VIETNAM’S DRAFT PDP8, NOT COAL AND GAS - IEEFA
Evidence was clear to inform the next stage of Vietnam’s power development
Vietnam’s recently published draft power deve ...
Thursday, 11 March 21
U.S. TO PRODUCE 581 MMST IN 2021, UP 8% FROM 2020 - EIA
EIA expects U.S. coal production to total 581 MMst in 2021, 42 MMst (8%) more than in 2020. In 2022, EIA expects coal production to rise by a furth ...
Thursday, 11 March 21
MARKET INSIGHT - INTERMODAL
Assessing the ship repair sector during the first months of 2021, we have come across a new era in which Owners chose the shipyards to repair their ...
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- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- The University of Queensland
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
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