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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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Monday, 16 September 13
CFR SOUTH CHINA COAL SWAP: STABLE TO STEADY
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
Monday, 16 September 13
INDONESIAN SUB-BIT COAL SWAP STRUGGLING TO FINDS THE RIGHT PATH
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery down 0.75 percept month on month on Friday 13 Septe ...
Sunday, 15 September 13
CAPE FREIGHT RATES RISE ON HIGH DEMAND AND TIGHT AVAILABILITY - CAPT. REDDY
COALspot.com : The BDI, Cape and Panamax indices are continued to rise and saw a steep surge with average index in these segments up around 25 pct w ...
Friday, 13 September 13
US COAL OUTPUT SLIPS 3.34% ON-WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.20 million short tons (mmst) of ...
Friday, 13 September 13
DIRECTOR GENERAL OF MINERAL AND COAL OF INDONESIA REVISED UP COAL PRICE REFERENCE TO US$ 76.89
COALspot. com - The Indonesian government has revised up its owned coal bench mark price by US$ 0.19/ MT to US$ 76.89 for September 2013 deliveries ...
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- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- The University of Queensland
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
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