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Wednesday, 14 August 13
ANOTHER WEEK IN THE RED FOR DRY BULK CARRIERS - INTERMODAL
 Chartering (Wet: Stable- / Dry: Stable- )
Another week in the red for Dry Bulk carriers with the market losing further steam as fewer and fewer inquiries were entering the market. There is still some activity in the USGulf and Black Sea region for some of the smaller sizes, however the larger capes have little to look forward to till at least September.
The BDI closed today (13/08/2013) at 1007 points, up by 11 points compared to Monday’s levels (12/08/2013) and a decrease of 39 points compared to previous Tuesday’s levels (06/08/2013). Despite much of the East being closed towards the end of last week and the Eid holidays going on in the Middle East, the crude oil market was still able to note some significant improvement over one week ago thanks to firming conditions in the North Sea/Baltic for Afras and WAF for Suezmaxes. The BDTI Monday (12/08/2013), was at 631 points, an increase of 13 points and the BCTI at 570, a decrease of 42 points compared to the previous Monday’s levels (05/08/2013).
With activity dropping this week in the Atlantic basin and the Pacific showing no real sign of hope, Capes were back on the downward trail, cooling off any hope that the market would refrain from a too strong drop this summer. It now looks as though we may well be on a strong downward course which will unlikely reverse till the start of September at which time all going well, demand for restocking should be recovering once again.
The Panamaxes seemed to have caught themselves in a nasty downward spiral, with the drop in rates continuing on this week as further market support was lost. Charterers are seemingly relaxing their interest in both basins, causing a shortage of cargoes and a building up of open tonnages all around. The only notable activity to be seen was that coming out of the USGulf which seemed to be feeding the market with some hope and helping owners fend off any rapid drop in freight rates.
Another overall slow week in both basins for Supras with only the Cont/ Med keeping things moving and allowing for rates to close of the week with a barely positive change compared to a week prior. Grain activity from the Black Sea seem to be still coming in strong and keeping things moving, while the pacific sank into almost complete silence as the holidays in Asia kept activity to a minimum. The Handies were to close off the week with a negative w-o-w change in freight rates as things seemed to not go so well especially as activity from the US Gulf started to drop.
Compiled by:
Intermodal Research & Valuations | research@intermodal.gr
Analysts:
Mr. George Lazaridis | g.lazaridis@intermodal.gr
Ms. Eva Tzima | e.tzima@intermodal.gr
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Saturday, 10 August 13
DEMOLITION ACTIVITY TO BE CRUCIAL AGAIN IN PROVIDING SUPPORT TO THE DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We appear to have forgotten demolition activity this year, with the Baltic Dry Index gaining traction in the latter part of the second half and emer ...
Friday, 09 August 13
US PRODUCED 4.00 PERCENT LESS COAL ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.00 million short tons (mmst) of ...
Thursday, 08 August 13
HANDY : NO POSITIVE SENTIMENT FOR THE FAR EAST MARKET - FEARNRESEARCH
Handy
No positive sentiment for the Far East market. There are a number of ships coming open in SE Asia this week and owners rating mid/high USD 8k ...
Thursday, 08 August 13
MALAYSIA HOSTS THIRD ANNUAL ASIAN SUB-BITUMINOUS COAL USERS' GROUP CONFERENCE
Press Release : The third Annual Asian Sub-Bituminous Coal Users’ Group (ASBCUG) conference convenes Sept. 30-Oct. 3 at the Eastern & Orie ...
Wednesday, 07 August 13
HANDIES : FINDING IT DIFFICULT TO SUSTAIN THEIR PREVIOUS LEVELS - KONSTANTINOS KONTOMICHIS
Broker's insight
by Konstantinos Kontomichis,
SnP Broker
Entering the most predictable month of the year, as expected the seasonal effects ha ...
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Showing 4171 to 4175 news of total 6871 |
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- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Minerals Council of Australia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- The University of Queensland
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
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