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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, 21 June 18
CHINESE REDUCED COAL IMPORT RESTRICTIONS - CAIXIN GLOBAL
Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concer ...
Thursday, 21 June 18
INDIAN GOVERNMENT ADMITS COAL SHORTAGE, ASKS DISCOMS TO IMPORT - TIMES OF INDIA
Times of India reported that the power ministry has advised all state governments and private power distribution companies to import coal as Coal I ...
Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
Responding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, &ldqu ...
Wednesday, 13 June 18
U.S. COAL PRODUCTION TO DECLINE BY 2% TO 756 MILLION SHORT TONS MMST IN 2018 - EIA
EIA forecasts U.S. coal production to decline by 2% to 756 million short tons (MMst) in 2018.
According to EIA's Short-Term Ener ...
Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek s ...
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- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- PTC India Limited - India
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Australian Coal Association
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
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