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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, 09 June 19
SUPRAMAX: ASIA LOST GROUND; THE INDIAN OCEAN SAW SLOWER ACTIVITY - BALTIC BRIEFING
Capesize
The market continued in an unusually steady ascent last week. With no major news in the market, each day improved on the last, breakin ...
Friday, 07 June 19
KOEN INVITED BIDS FOR 1.87 MILLION TONS OF COAL FOR JULY - OCTOBER 2019 DELIVERY
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,700,000 to 1,870,000 Metric Tons ...
Wednesday, 05 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
The first semester of 2019 started as a fairly positive semester for the offshore sector whilst there was a recovery on crude prices, as well as a ...
Tuesday, 04 June 19
MARPOL ANNEX VI - SULPHUR CAP 2020 - DEMYSTIFYING THE FONAR - SKULD
KNOWLEDGE TO ELEVATE
Fuel Oil Non-Availability Report (FONAR) is primarily a discretionary tool for a Member State to lessen the breach of MAR ...
Monday, 03 June 19
SUPRAMAX: A 61,000 TONNER OPEN NORTH CHINA, FIXING A TRIP VIA INDONESIA, REDELIVERY SOUTHEAST ASIA AT $7,500 - BALTIC BRIEFING
Capesize
The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and c ...
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- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- White Energy Company Limited
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
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