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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.
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, 24 November 13
SUPRAMAX FREIGHT RATES REMAINED FIRM FROM INDONESIA TO INDIA AND CHINA - SOLYM
COALspot.com: The freight market was fairly steady except for the Supramax in SE Asia region which continued to remain firm. The BDI was down by 1.5 ...
Friday, 22 November 13
DRY BULK MARKET STILL LACKLUSTRE, DESPITE PROJECTIONS OF A NEW RALLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
We might still be about six weeks far from the end of the year, but the projected by many analysts upcoming rally of the dry bulk market, hasn't ye ...
Friday, 22 November 13
US COAL PRODUCTION DOWN 1.3% W-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.5 million short tons (mmst) of coal in ...
Thursday, 21 November 13
TAIPOWER TO PROCURE 750K MT OF 5500 GAR BITUMINOUS COAL FOR MAY - AUGUST 2014
COALspot.com: Taiwan Power Company intends to procure 750,000 metric tons of bituminous coal with calorific value not lesser than 5,500 kcal/kg on a ...
Thursday, 21 November 13
CAPESIZE : THE DOWNWARD TREND HAS TURNED INTO NOTABLE SPOT AND PERIOD IMPROVEMENT - FEARNLEYS
Handy
The Atlantic market experienced a general rate increase for most trades this week. More cargoes in the market and chrts looking for prompt t ...
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- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Australian Coal Association
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
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