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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, 11 December 18
PORT OF NEWCASTLE SHIPPED 10.849 MMT OF COAL IN NOVEMBER DOWN 23.44 PERCENT MOM
COALspot.com: The Port of Newcastle, Australia’s major trading port and the world’s largest coal export port has shipped A$ 1,574.8 mil ...
Thursday, 06 December 18
IN THE EAST, BIGGER SUPRA WAS FIXED CA US$ 10K FOR INDO-CHINA COAL ROUND - FEARNLEYS
Capesize
There is cautious optimism for the Capes, with healthier volumes and improving rates in the Pacific. West Australia round is gradually ...
Thursday, 06 December 18
U.S. COAL CONSUMPTION IN 2018 EXPECTED TO BE THE LOWEST IN 39 YEARS - EIA
EIA expects total U.S. coal consumption in 2018 to fall to 691 million short tons (MMst), a 4% decline from 2017 and the lowest level since 1979. U ...
Thursday, 06 December 18
DEMAND RISKS WEIGH ON GLOBAL SHIPPING SECTOR OUTLOOK - FITCH RATINGS
The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings say ...
Thursday, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on ...
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- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Minerals Council of Australia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
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