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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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Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
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- Petron Corporation, Philippines
- The University of Queensland
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Planning Commission, India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
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