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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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Friday, 18 October 19
SINGAPORE'S APEX TO LAUNCH LOW-SULFUR FUEL OIL CONTRACT AHEAD OF NEW SHIPPING RULES - REUTERS
Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulfur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and ener ...
Thursday, 17 October 19
INDIA READIES POLICY TO ATTRACT FOREIGN INVESTMENT IN COAL MINING - REUTERS
India expects to have formulated a policy within the next two weeks to attract foreign investment to its coal mining industry, the country’s ...
Wednesday, 16 October 19
INDIA CALLS FOR A RESET OF CLIMATE DEBATE ON COAL AS A FUEL - LIVEMINT
India on Tuesday called for a reset on climate debate on coal as a fuel, in the backdrop of India becoming one of the top renewable energy producer ...
Wednesday, 16 October 19
LESSONS LEARNT FROM CREW INJURED IN HEAVY WEATHER - UK P&I CLUB COMMENTS
KNOWLEDGE TO ELEVATE
Stuart Edmonston, Loss Prevention at UK P&I Club, discusses an incident in which crew were injured whilst on deck in ...
Wednesday, 16 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
In perhaps the most interesting market conditions of the past years, the tanker and the dry bulk industry have created a positive sentiment with re ...
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Showing 1311 to 1315 news of total 6871 |
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- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
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