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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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Tuesday, 26 February 19
THE RELATIVELY DISAPPOINTING SCENE PORTRAYED IN THE DRY BULK MARKET RIGHT NOW - ALLIED SHIPBROKING
The relatively disappointing scene portrayed in the dry bulk market right now (especially in the Capesize segment) is undoubtedly one of the prevai ...
Friday, 22 February 19
AUSTRALIAN HIGH CV THERMAL COAL PRICES AT 19-MONTH LOW, BUT NOT FOR LONG - WOOD MACKENZIE
The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has be ...
Wednesday, 20 February 19
EFFECTIVE NOTICES OF ARBITRATION - AVOIDING WASTED COSTS AND A POTENTIALLY TIME-BARRED CLAIM
KNOWLEDGE TO ELEVATE
In a recent case, The Amity [2017], charterers successfully set aside an arbitration award on the basis that ow ...
Wednesday, 20 February 19
SHIPPING MARKET INSIGHT - INERMODAL
Market experts mostly agree that the recent dry bulk market downtrend was caused by seasonal slowdown amid the Chinese New Year celebrations in com ...
Tuesday, 19 February 19
AUSTRALIA'S COAL FUTURE UNDER THREAT AS MORE CHANGES HIT FOSSIL FUELS GLOBALLY - ABC
Two disparate decisions from opposite corners of the world have sounded warnings for the future of Australia’s coal industry.
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- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- The University of Queensland
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Planning Commission, India
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Parliament of New Zealand
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
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