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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 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
Supramax
Market reducing speed. Rates are dropping further for supras outbound USG on fronth, bkhaul is more stable i.e $25k/22k respectively say ...
Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
Wednesday, 13 December 17
REFINED COAL HAS MADE UP NEARLY ONE-FIFTH OF COAL-FIRED POWER GENERATION SO FAR IN 2017 - EIA
The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases. Use of ref ...
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Showing 1846 to 1850 news of total 6871 |
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- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- The University of Queensland
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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