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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, 29 December 19
AUSTRALIA SUFFERS WORST OF CHINA'S COAL CURBS AFTER EARLIER BOOM - BLOOMBERG
Australia is bearing the brunt of China’s year-end coal import restrictions, ceding market share to other exporters including Russia and Mong ...
Saturday, 28 December 19
SUPRAMAX: A 63,000DWT VESSEL, OPEN CIGADING, FIXED A TRIP VIA INDONESIA, REDELIVERY WEST COAST INDIA, AT $8,500 - BALTIC BRIEFING
Capesize
The Capesize market this past week has been attempting to recalibrate itself in consideration of weakening freight levels and increasing ...
Saturday, 28 December 19
CHINESE INDUSTRIAL CITY TO FURTHER CUT COAL CONSUMPTION - XINHUA
Harbin, capital city of Heilongjiang Province in China’s northeastern industrial heartland, is planning to further reduce its coal consumptio ...
Friday, 27 December 19
MISERY LOOMS OVER TOP COAL SHIPPERS AS CHINA TO BUY LESS IN 2020 BLOOMBERG
China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world ...
Thursday, 26 December 19
REVIEW OF 2019 AND OUTLOOK FOR 2020 - OPEC
Global economic growth slowed in 2019, impacted by a variety of challenges. Trade issues not only led to reduction in global final consumption but ...
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Showing 1221 to 1225 news of total 6871 |
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- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- PTC India Limited - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
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