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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, 15 March 18
BHEL COMMISSIONS 600 MW THERMAL POWER PLANT FOR APGENCO IN ANDHRA PRADESH
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned a 600 MW coal-based thermal power plant in the state of Andhra Pradesh.
...
Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s expor ...
Wednesday, 14 March 18
COAL PRICES UP SAYS MINERALS COUNCIL - IAN KIRKWOOD,THE HERALD
NSW thermal coal exports were at near-record levels last year but prices were up, the Minerals Council of NSW has said after appraising annual stat ...
Wednesday, 14 March 18
NEW COAL PRICE FORMULA DOESN'T APPLY RETROACTIVELY: OFFICIAL - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry has decided to change the implementation period of the new discounted price formula for coal sold to the ...
Wednesday, 14 March 18
SHIPPING MARKET INSIGHT - VASILIS MOIRIS
Interest in second hand tonnage remains firm with buyers in the dry bulk sector looking to benefit from rising freight rates that are eventually ex ...
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- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
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