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Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
 Chartering (Wet: Firm+ / Dry: Stable-)
The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both Capes and Panamaxes was only partly offset by the stable performance of Supras and Handies.
The BDI closed today (29/10/2013) at 1,551 points, down by 68 points compared to Monday’s levels (28/10/2013) and a decrease of 296 points com-pared to the previous Tuesday’s levels (22/10/2013). Weak activity in the North Sea pushed Afra rates down, while the rest of the crude carriers market moved up, with sentiment improving considerably. The BDTI Monday (28/10/2013), was at 599 points, a decrease of 22 points and the BCTI at 484, a decrease of 14 points compared to the previous Mon-day’s levels (21/10/2013).
Sale & Purchase (Wet: Stable+ / Dry: Stable+)
The SnP market has maintained the good volumes of activity that we have been seeing lately.
Irrespective of any volatility that might be witnessed by freight rates in the short term, we expect an active Q4 in terms of second hand sales as more owners appear ready to bet on a market recovery being noted over the next couple of years. On the tankers side, we had the sale of the “CHAMPION PEACE” (106,042dwt-blt 99, Japan), which was picked up by S. Korean buyer Sinokor for a price of US$ 11.0m. On the dry bulker side, we had the sale of the “HOUHENG 3” (179,895dwt-blt 12 Philippines) which was picked up by Greek buyers for a price of $ 52.0m.
New building (Wet: Stable+ / Dry: Stable+)
Despite firm interest for new orders continuing to hold for yet another week, shipyards are still holding a reserved optimism for the future prospects, while continuing to squeeze the most out of this most recent opportunity, rather than making grand plans for capacity expansion. We have already seen shipbuilders purposely contain the number of slots they have available focusing on efficiency, as such, leaving the market with almost no slots with delivery within the next 12-18 months. At the same time there has been a constant and significant rise in the prices being quoted, especially for the more popular dry bulk vessel designs. It is interesting to note that we have seen a considerable price increase of between 5-11% amongst dry bulk slots over the past four months alone, while tankers have only noted a 1-4% rise during the same period. In terms of new orders, Greek owner Golden Union, was reported exercising options for two Capesize vessels (180,000dwt) at Hanjin in Philip-pines, for a price of $ 54.5m each and with delivery towards the end of 2015.
Demolition (Wet: Stable+ / Dry: Stable-)
The demolition scene continues to face slow activity. The short list of deals that were reported this past week doesn’t include neither India nor Bangladesh, as breakers in both these countries seem to be sitting in the sidelines at the moment. In India it appears that cash buyers who managed to secure tonnage during the previous weeks are currently assessing whether this was a good move, as the sentiment is not as strong as it has been in the beginning of the month. Pakistan on the other hand has secured another VL, after the 95 built DELOS the week prior, proving that for the “right” tonnage local breakers are still pre-pared to pay the extra premium. In the East, Chinese breaking yards have lowered their bids even further this week, being less and less ap-pealing for owners of demo candidates that are ballasting in the region, as the trip towards the Indian sub-Continent is still very much worth the trouble. Average prices this week for wet tonnage were at around 350-425$/ldt and dry units received about 340-410$/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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Friday, 13 December 13
HARD COAL : VOLUMES POSSIBLY AT RECORD-BREAKING HIGH; PRICES POSSIBLY AT A RECORD-BREAKING LOW - VDKI
Press Release : World Hard Coal Market 2013: volumes possibly at record-breaking high, prices possibly at a record-breaking low. German and UK impor ...
Friday, 13 December 13
DRY BULK SHIPPING TO WITNESS HEALTHY DEMAND MOVING FORWARD - ICS
The Institute of Chartered Shipbrokers Greek Branch organised its 9th Annual Forum at Eugenides Foundation, on Wednesday, 11th of December, with a r ...
Friday, 13 December 13
US PRODUCED APPROXIMATELY 18.4 MILLION SHORT TONS OF COAL W/E 7 DECEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.4 million short tons (mmst) of coal in ...
Thursday, 12 December 13
GREAT EXPECTATIONS SANCTIONED - EVA TZIMA
News that sanctions on Iranian oil exports could be lifted sometime in the following months have shaken the markets recently. One of the world&rsquo ...
Thursday, 12 December 13
DRY BULK MARKET RATES FOR CAPESIZES TO REMAIN VOLATILE SAYS BIMCO
The dry bulk market has reached multi year highs this week, as the BDI is standing at the 2,300-point mark. In its analysis of the market, BIMCO pre ...
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- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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