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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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Monday, 29 October 18
SUPRAMAX: THE ASIAN AREA SAW FALLING RATES, WITH A 61,000DWT FIXING DELIVERY KOHSICHANG TRIP VIA INDONESIA, REDELIVERY INDIA, AT $10,500 - BALTIC BRIEFING
Capesize
A market of two halves for most of the week with rates in the Atlantic firming and easing in the East for most of the week, but then, ...
Friday, 26 October 18
SHIP OPERATING COSTS EXPECTED TO RISE IN 2018 AND 2019 - MOORE STEPHENS
Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey.
...
Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
World Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September. T ...
Thursday, 25 October 18
WHAT DOES THE "IMO 2020" REGULATION REALLY SAY? A QUICK GUIDE - BIMCO
KNOWLEDGE TO ELEVATE
The shipping industry has all eyes firmly fixed on the topic, but what exactly do the “IMO 2020” global sulph ...
Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
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- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Australian Coal Association
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
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