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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, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...
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Showing 1616 to 1620 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- MS Steel International - UAE
- Planning Commission, India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
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