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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, 16 April 18
MINISTER IGNASIUS JONAN SPEAKS HIS MIND AT INDONESIA MINER - IAN WOLLFF
The Minister for Energy and Mineral resources, Ignasius Jonan, delivered a key note address at the Indonesia Miner conference in Jakarta on the 11 ...
Thursday, 12 April 18
THE PERFECT STORM FOR THE BIG SHIPS - THE BALTIC BRIEFING
Capesize
The perfect storm for the big ships: with holidays, force majeure in two ore exporting ports and bad weather undermining the market. A l ...
Thursday, 12 April 18
SHIPPING CAN MANAGE US-CHINA TARIFFS, BUT RISKS RISING - FITCH
Container and, to some extent, dry bulk would probably be the shipping segments most affected by the recently announced US and China tariffs, Fitch ...
Thursday, 12 April 18
SUPRAS HAVE FIXED MID $11K FOR AN INDO RV TO S. CHINA DELIVERY PHILIPPINES - FEARNLEYS
Supramax
Slow week with little light for improving rates. ECSA to Far East still around $15k + bb and same to Med ca $14k, says Fearnleys in its ...
Thursday, 12 April 18
ALWAYS ACCESSIBLE
KNOWLEDGE TO ELEVATE
On 26 March 2018 Mr Justice Knowles determined that the berth warranty ‘always accessible’ must mean the vess ...
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Showing 1741 to 1745 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Planning Commission, India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
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