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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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Tuesday, 17 September 13
BUMA PRODUCED 3.57 PERCENT MORE COAL IN AUGUST
COALspot.com: BUMA has removed totaled 25.20 million bcm of overburden to produce 2.90 million tons coal in August 2013. BUMI produced 3.07 percent ...
Tuesday, 17 September 13
NEWCASTLE PORT SHIPPED ABOUT 27 PERCENT MORE COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 27.26 per cent week on week to 3.01 million mt for ...
Tuesday, 17 September 13
TAIPOWER INVITES BIDS FOR SUPPLY OF SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open tende ...
Tuesday, 17 September 13
ORPHEUS SECURES SIGNIFICANT INFRASTRUCTURE DEAL THROUGH ACQUISITION OF SOUTH KALIMANTAN PORT CAPACITY
COALspot.com : Orpheus Energy Limited (ASX: OEG) of Australia has today announced that, it has executed a binding agreement with the proprietor of S ...
Monday, 16 September 13
WHAT RECOVERY MEANS FOR THE CAPESIZE MARKET - COMMODORE RESEARCH
COALspot.com: The simple fact that capesize rates have been able to increase above the $9,000/mark and become much more responsive to changes in car ...
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- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
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