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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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Friday, 22 December 17
COAL INDIA BOARD CLEARS THE WAY FOR SCHEME FOR HARNESSING AND ALLOCATING KOYALA (COAL) TRANSPARENTLY IN INDIA - PIB
The Coal India Limited (CIL) Board cleared the decks for signing of Fuel Supply Agreement (FSA), for supply of coal.
According to Press Inform ...
Friday, 22 December 17
WILL THE DRY BULK INDUSTRY BECOME PROFITABLE IN 2018? - PETER SAND, BIMCO
As the dry bulk fleet is already expected to grow at a pace that matches demand growth expected in 2019, focus must be on improving the fundamental ...
Friday, 22 December 17
ESTIMATED U.S. WEEKLY COAL OUTPUT SLIPS SLIGHTLY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million short tons ...
Thursday, 21 December 17
COAL CONSUMPTION DROPS AS GAS AND RENEWABLES CHEW INTO TRADITIONAL MARKETS - BABS MCHUGH
"The share of coal in the global energy mix is forecast to decline from 27 per cent last year to 26 per cent in 2022"
Global demand ...
Thursday, 21 December 17
FUEL SHORTAGE TRIGGERS JUMP IN COAL PRICES - CHINA DAILY
China’s thermal coal prices jumped recently as natural gas shortages across the north spurred an unexpected resurgence in demand for coal-fir ...
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Showing 1841 to 1845 news of total 6871 |
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- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- MS Steel International - UAE
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