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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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Sunday, 07 June 20
A SCRUBBER FITTED 61,000 ULTRAMAX WAS FIXED DELIVERY PHILIPPINES TRIP VIA SOUTH AFRICA REDELIVERY VIETNAM AT $9,500 - BALTIC BRIEFING
Capesize
The small flicker of hope at the beginning of this week has kindled a small fire under the Capesize market. At a paltry $3369 from the ...
Saturday, 06 June 20
KOREA SOUTH-EAST POWER CO INVITED COAL BIDS FOR MIN 5600 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 270,000 Tons (MT) min. 5600 NCV co ...
Friday, 05 June 20
COAL INDIA ESTIMATES PRODUCTION GROWTH BY OVERBURDEN REMOVAL - FINANCIAL EXPRESS
PSU miner Coal India (CIL) has now limited mining only to Overburden Removal (OBR) with falling demand of coal. The mining behemoth is now keeping ...
Friday, 05 June 20
U.S. SANCTIONS COMPLIANCE GUIDANCE RELEASED FOR THE GLOBAL MARITIME, ENERGY AND METALS SECTORS - AKIN GUMP
Key Points
On May 14, 2020, OFAC, the Department of State and the U.S. Coast Guard jointly released guidance for persons involved in the ma ...
Friday, 05 June 20
IN THE FIRST 5 MONTHS OF 2020 AUSTRALIA SHIPPED 6.8 MLN TONNES TO VIETNAM - BANCHERO COSTA
In the first 5 months of 2020, global seaborne coal trade declined by as much as -8% year-on-year, according to vessel tracking data from Ref ...
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- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
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