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Wednesday, 06 November 13
THE BIGGER SIZE SEGMENTS LOST GROUND WHILE SUPRAS AND HANDIES HELD ON TO THEIR GAINS - INTERMODAL
 Chartering (Wet: Stable+ / Dry: Stable- )
A mirror image of the week prior for the Dry Bulk market, as once more the bigger size segments lost ground while Supras and Handies held on to their gains, while sentiment improved overall towards the end of the week. The BDI closed today (05/11/2013) at 1,600 points, up by 48 points compared to Monday’s levels (04/11/2013) and an increase of 49 points compared to the previous Tuesday’s levels (29/10/2013). Rates for VLs continue to “ignore” the rest of the crude oil carriers market, improving further this past week as both the Eastbound and Westbound voyage witnessed increased activity yet again. The BDTI Monday (04/11/2013), was at 608 points, an increase of 9 points and the BCTI at 491, an increase of 7 points compared to the previous Monday’s levels (28/10/2013).
Sale & Purchase (Wet: Stable+ / Dry: Stable+ )
SnP activity has slowed down a bit this week but that hardly downplays on the fact that the total number of deals reported up until the end of October, is already higher than the figure for the entire 2012. On the tankers side, we had the en-bloc sale of the “BW LAKE” (298,564dwt-blt 04, S. Korea) and the “BW LION” (298,563dwt-blt 04, S. Korea), which were reported sold to Sinokor for a price of US$ 40.5.2m each. On the dry bulker side, we had the sale of the “VOLUMNIA” (76,015dwt-blt 02 Japan) which was picked up by Greek buyers for a price of $ 15.5m.
New building (Wet: Stable+ / Dry: Stable+ )
If something hasn't let anyone down this year in the industry is how constant the high volume of new building orders has been. The dry sector holds once again the lion’s share in terms of recently inked new orders. The latest rally in freight rate has definitely fired up owners’ interest, and even though the market has pulled back a bit recently, the sentiment seems unaffected amongst big players who can finance their way into a new building order. The recent increase in prices has also played its role in all this. As price levels for dry units have been increasing, the majority of the market has started being supportive of the belief that going forward, the only way for the new building market to move is up and therefore the idea of the asset play is very much back. A self–fulfilling prophecy? Maybe, but at the same time yards have distanced themselves from the low levels reached in 2012 and they don't appear eager to return there. In terms of new orders, German owner Oldendorff, was reported signing contracts for four firm and four optional VLOCs (2080,000dwt) at Taizhou Catic in China, for a price of $ 55.0m each and with delivery between 2015 and 2016.
Demolition (Wet: Stable- / Dry: Stable- )
The demolition market continues to witness low volumes of activity. The holidays in the Indian sub-Continent have most certainly taken their toll on the number of deals being concluded, although bids have somehow managed to preserve their levels in the region during the past week. The stability of the local currency is one of the reasons the Indian market had maintained a strong presence just before the Diwali started. The holiday recess in the country will, as expected, weigh down on activity and we also believe that prices might suffer as well. The main reason for the latter is that both Pakistan and Bangladesh currently show no intention to entice owners with higher offers and therefore, without any meaningful competition Indian breakers have no reason to pay the extra premium. At the same time, Chinese breakers have lowered their prices even further, allowing for vessels in the nearby region to be grabbed by the competition. Average prices this week for wet tonnage were at around 345-425$/ldt and dry units received about 335-410$/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.
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Thursday, 05 December 13
PANAMAX : THE FIRM TENDENCY CONTINUES - FEARNRESEARCH
Handy
It has been an active week for the Supramax and Handysize segment. USG is almost boiling and charterers looking to cover their December stems ...
Wednesday, 04 December 13
INDONESIAN COAL EXPORTS VOLUME AND REVENUE IN OCTOBER MARCHED TOWARDS NORTH
COALspot.com: Indonesia, the world's 4th largest coal producer and the largest multi grade coal exporter shipped over $1.76* billion worth of ...
Wednesday, 04 December 13
WEST AUSTRALIA IRON ORE FIXTURES ALSO CONTINUING TO PROVIDE A STEADY FLOW OF BUSINESS FOR CAPES - INTERMODAL
The Dry Bulk market has reversed course this past week, bringing back some of the lost excitement of the past month, as all size segments climbed hi ...
Wednesday, 04 December 13
THE BUYERS' DEMAND IS CONTINUOUSLY BULLISH - KONSTANTINOS KONTOMICHIS
The very low rates that prevailed for the bigger part of 2013 seem to have prepared the ground for buying opportunities for shipping investors. The ...
Wednesday, 04 December 13
SGX AND CFA TO COLLABORATE TO DEVELOP DERIVATIVES MARKETS IN CHINA AND SINGAPORE
Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
...
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- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
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