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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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Thursday, 02 August 18
INDO / CHINA COAL RV'S IS PAYING AROUND USD 11,000 TO SUPRAS BSS DELIVERY SINGAPORE - FEARNLEYS
Capesize
The counter seasonally strong market during the summer months bodes well for the remainder of the year.
According ...
Wednesday, 01 August 18
JOKOWI CANCELS PLAN TO REVOKE COAL DMO - JP
President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coa ...
Wednesday, 01 August 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
The dry bulk market activity over the past four weeks has remained stable when compared to the previous months. There are concerns with regards to ...
Tuesday, 31 July 18
INDONESIA UNLIKELY TO CHANGE COAL SUPPLY, PRICING RULES UNTIL 2019 - REUTERS
Indonesia is unlikely to change its rules on domestic coal supply and pricing until 2019, Coordinating Maritime Minister Luhut Pandjaitan said on M ...
Tuesday, 31 July 18
ENERGY MINISTRY REMAINS FIRM ON DMO POLICY FOR COAL - JP
The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the ...
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- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
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