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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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Monday, 02 December 19
OPEC PREPS FOR OIL'S 2020 BALANCING ACT - WOOD MACKENZIE
What steps should OPEC and its non-OPEC partners take to keep the market in balance in 2020? Ahead of OPEC’s meeting in Vienna on 5 and 6 Dec ...
Monday, 02 December 19
GREENER LNG IS VITAL TO ASIA'S SUSTAINABLE DEVELOPMENT - WOOD MACKENZIE
Asia struggles with the world’s worst air pollution. Delhi hit the headlines in November 2019 as levels spiked to such hazardous levels that ...
Monday, 02 December 19
5TH EAST & SOUTHERN AFRICA GAS & LNG CONFERENCE 2020
5th East & Southern Africa Gas & LNG Conference 2020
April 2-3
Maputo, Mozambique
5th East & Southern Afri ...
Monday, 02 December 19
5TH DEEPWATER EAST & SOUTHERN AFRICA CONGRESS 2020
5th Deepwater East & Southern Africa Congress 2020
April 2-3
Maputo, Mozambique
5th Deepwater East & Southern ...
Sunday, 01 December 19
6TH CENTRAL & EASTERN EUROPE NUCLEAR INDUSTRY CONGRESS 2020
6th Central & Eastern Europe Nuclear Industry Congress 2020
January 20-21 | Prague, Czech Republic
Overview
6th ...
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- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- The University of Queensland
- Trasteel International SA, Italy
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
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