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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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- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- White Energy Company Limited
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
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