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Wednesday, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL
 Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north of 1,700 points. It will take a longer period to understand how strong the legs to this latest rally are but the waves of optimism that have washed the market are undoubtedly high and more than welcome.
The BDI closed today (17/09/2013) at 1,740 points, up by 89 points compared to Monday’s levels (16/09/2013) and an increase of 199 points compared to the previous Tuesday’s levels (10/09/2013). Amidst US cooling off a bit on Syria talks and the UN pointing the headlight to Libya, the crude oil carrier market has moved sideways this week with VLs finding their footing on Westbound demand.
The BDTI Monday (16/09/2013), was at 582 points, a decrease of 5 points and the BCTI at 558, an decrease of 19 points compared to the previous Monday’s levels (09/09/2013).
Sale & Purchase (Wet: Stable+ / Dry: Stable+ )
A big part of those deals that were being negotiated towards the end of August came through this past week, boosting significantly the volume of SnP activity. As we head towards the last quarter of the year we expect even more action to take place especially on the Dry side where freight rates have started improving significantly.
On the tankers side, we had the sale of the “STAVANGER BELL” (105,309dwt-blt 10 , Japan), which was picked up by Greek buyers, for a price of US$ 31.0m. On the dry bulker side, we had the sale of the “CHRISMIR” (159,829dwt-blt 97 S. Korea), which was picked up by Greek buyers for a price of $ 13.5m.
Newbuilding (Wet: Stable+ / Dry: Stable+ )
The newbuilding market witnessed increased activity this past week with a high number of reported deals in both the wet and the dry sector coming to light. While further MR orders have concluded, the Ultramax segment wasn't shy of orders this week either and we cannot but stop thinking that the last quarter of the year will be even more active as far as new orders are concerned.
The recent rally in freight rate in the Dry Bulk market will surely inspire more owners to go after new tonnage as it happened back in 2010. The key difference this time is that newbuilding prices are nowhere close to what they were back then, so even if market recovery delays a bit longer, the financing of a new vessel should not prove to be lethally expensive as it did last time round.
In terms of concluded deals, Hong Kong based Parakou Shipping, was reported returning to China to exercise two options (64,000dwt) at CSSC Chengxi, at a price of US$ 25.5m each and with delivery set for 2015.
Demolition (Wet: Firm+ / Dry: Firm+ )
With the Indian Rupee appreciating further this week against the US Dollar there was finally some substantial optimism in the demolition market, which was evident both in the volume of deals that took place as well as the prices these were concluded at. With the exception of Bangladesh, where breaking activity was pretty much non-existent, the rest of the Indian sub-Continent nations got back into action.
As far as volume is concerned, breaking yards in China had the lion’s share for yet another week, with a series of demo deals agreed at levels quite impressive for the local market. With the volatility witnessed in the rest of the market and the continuous price strengthening in China, the country should hold its position as the “safest” choice for owners thinking to scrap their vessels and they wish to avoid cash buyers for the moment.
Average prices this week for wet tonnage were at around 370-395$/ldt and dry units received about 360-370$/ldt.
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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Sunday, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
Saturday, 12 October 13
PANAMAX: OWNERS ARE AT US$ 17-18.5K PER DAY; CHARTERERS ARE AT US$ 15.5-16K - CAPT. REDDY
COALspot.com - The futures market was heavily down on the cape size vessels and the physical average charterer rates on cape size vessels dropped by ...
Friday, 11 October 13
DRY BULK FREIGHT RATE POSITIVE MOMENTUM TO BE SUPPORTED BY HIGHER DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO released its latest short term research on the shipping markets, estimating that the elevated level of Capesize TC average rates i ...
Friday, 11 October 13
US COAL PRODUCTION FALLS 7.70% IN SEPTEMBER
COALspot.com – United States the world’s second largest coal producer produced approximately 17.70 million short tons (mmst) of coal in ...
Thursday, 10 October 13
NPC AUSTRALIA SHIPPED 2.99 MILLION TONS OF COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.04 per cent week on week to 2.99 million mt for ...
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- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
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