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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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Saturday, 30 November 19
IMO2020 GLOBAL SULPHUR CUT: GERMAN SHIPPING TO USE NEW TYPE OF FUEL VDR SURVEY
IMO2020 Global sulphur cut: German shipping to use new type of fuel VDR survey: Technical issues and costs are the biggest challenges - VDR
&nb ...
Saturday, 30 November 19
PANAMAX: LEVELS IMPROVED IN THE PACIFIC MARKET TOO WITH $11,000 BEING CONCLUDED ON AN 81,000DWT SHIP FOR AN INDONESIA TO CHINA COAL TRIP - BALTIC BRIEFING
Capesize
The market has been well supported over the past week, led primarily by the Atlantic Basin. After bottoming last week, sentiment was s ...
Friday, 29 November 19
FITCHRATINGS MAINTAINS NEGATIVE 2020 OUTLOOK ON SHIPPING, AS TIGHTER SUPPLY HELPS, BUT SOFTER DEMAND DRAGS
Fitch’s Sector Outlook: Negative
We maintain a negative sector outlook for global shipping because of the forecast slowdown of ...
Friday, 29 November 19
INDONESIA PRODUCES 390 MLN TONNES OF COAL IN JAN-SEPT: MINISTER - REUTERS
Indonesia’s production of coal for the January-September period was 390 million tonnes, Energy and Mineral Resources Minister Arifin Tasrif s ...
Wednesday, 27 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the end of the fourth quarter is approaching, one could say that the wet market has maintained the strong pace observed during the third qu ...
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- CNBM International Corporation - China
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
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