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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, 21 January 20
ASIA'S APPETITE FOR COAL GROWS, WITH CHINA THE KEY DECIDER - NIKKEI
Although renewable power generation is expected to rise significantly in Asia, India’s vast electricity needs will still underpin global dema ...
Tuesday, 21 January 20
THERMAL COAL PRICES SET FOR RECOVERY THIS YEAR AS OVERSUPPLY TIGHTENS - REUTERS
Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian cou ...
Monday, 20 January 20
INDIA TO STOP SUBSTITUTABLE COAL IMPORT; CAN GO FOR AUCTION OF 100 FULLY EXPLORED NEW BLOCKS: JOSHI - PTI
The Cabinet recently approved promulgation of Mineral Laws (Amendment) Ordinance 2020 to amend Mines and Minerals (Development and Regulation ) Act ...
Monday, 20 January 20
CHINA DECEMBER COAL OUTPUT UP 2.4 PERCENT ON YEAR - STATS BUREAU: REUTERS
China produced 331.74 million tonnes of coal in December, up 2.4 percent on the year, the National Bureau of Statistics said on Friday.
...
Monday, 20 January 20
CHINA IMPORTED 124.4 MLN TONNES OF COAL FROM INDONESIA IN 2019, UP 15.1 PERCENT YOY - BANCHERO COSTA
China's coal imports raced ahead in 2019, surprising many who had expected that in the months of 2019 to come the government would clamp down s ...
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- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Economic Council, Georgia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Planning Commission, India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
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