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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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Friday, 20 September 13
US COAL PRODUCTION SLIGHTLY UP WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer produced totalled approximately 20.30 million short tons (mmst) of ...
Friday, 20 September 13
COLOMBIA SHIPPED 31.14 MILLION TONS OF THERMAL COAL IN H1
COALspot.com : Colombia’s coal exports fell by 20.59 percent in June 2013 compared to Colombia’s May's export of 7,633,579 MT.
Colom ...
Thursday, 19 September 13
CAPESIZE : AVERAGE DAILY EARNINGS HAVE GAINED ALMOST USD 6K WOW - FEARNLEYS
Handy
The rates in Feast are still firm this week even the activity calmed down a bit as chrtrs are not in a rush to cover even their end Sept carg ...
Wednesday, 18 September 13
IRON ORE AND ZINC ARE BEST PERFORMING MINING SECTORS IN CURRENT LOW PRICE, HIGH COST ENVIRONMENT - WOOD MACKENZIE
With the fall in commodity prices, cash margins in the mining industry have come under pressure. Accordingly, producers and investors are placing in ...
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 ...
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- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Australian Coal Association
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
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