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Wednesday, 05 February 14
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
 COALspot.com: The Dry Bulk market has lost further ground this past week as activity ex-Far East disappeared into the Chinese holidays and owners ideas lowered further in the absence of meaningful fixing enquiry across all size segments.
Chartering (Wet: Softer- / Dry: Softer- )
The BDI closed today (04/02/2014) at 1,084 points, down by 9 points compared to yesterday’s levels (03/02/2014) and a decrease of 93 points compared to previous Tuesday’s closing (28/01/2014). It was red across the board for the crude carriers as well, with Suezmax rates correcting further downwards and sluggish VL activity eating into all the upside achieved the week prior. The BDTI Monday (03/02/2014), was at 958 points, a decrease of 174 points and the BCTI at 606, remaining unchanged compared to the previous Monday (27/01/2014).
Sale & Purchase (Wet: Stable+ / Dry: Stable+ )
SnP activity continues to witness firm levels and so do second hand prices, which continue to ignore the performance of freight rates across both the wet and the dry sectors. On the tanker side, we had the en-bloc sale of the “SCF BYRRANGA” (159,156dwt-blt 05, S. Korea) and the “SCF ALDAN” (159,062dwt-blt 05, S. Korea), which were reported sold to Greek buyers for a price of US$ 35.0m each. On the dry bulker side, we had the sale of the “CHENGYANG PIONEER” (76,202dwt-blt 13, China), which was picked up by Chinese owner SITC, for a price of US$ 27.0m.
Newbuilding (Wet: Firm+ / Dry: Firm+ )
It’s been a long time since we last witnessed activity in the newbuilding market slowing down. It seems that the Lunar New Year has taken its toll on the newbuilding front as well, as Chinese yards have stepped back from aggressively marketing their slots and are expected to revisit their strategy as the new year will kick off. Having said that, we can’t help but wonder whether this current pull back might be marking the beginning of a prolonged period of slower activity. The fact is that newbuilding prices have firmed considerably and even if the current freight market continues to remain under pressure, thus not making a strong case for newbuilding prices at these levels, it will be very difficult for any of the more well known yards to start decreasing their prices as this would act as the catalyst for an overall market correction, much undesired by the newbuilding industry altogether. In terms of new orders, S. Korean owner Sinokor has exercised options for four Capesize vessels (180,000dwt) at Daehan in S. Korea, for a reported price of $ 53.0m each.
Demolition (Wet: Stable+ / Dry: Stable+ )
Things in the demolition market remained quiet last week, with a small number of deals being reported all round. Despite the sluggish activity, prices seem to have sustained their levels significantly on the back of steel prices stabilizing and local currencies appearing stronger against the USD. Even though Monday kicked off with offers coming in lower, the market has in fact rebounded just before the weekend and we are currently hearing that current bids are on the rise again in the India sub-Continent. This can be attributed to the fact that there have been talks about tax cuts in India, which are very possible to materialize, while at the same time the supply of demo candidates has been somewhat short of expectations and capacity. In Pakistan we have yet to see any meaningful reaction in terms of matching the competition’s bids, while things in China were destined to be quiet for yet another week, especially with holidays in the country being underway. Average prices this week for wet tonnage were at around 350-450$/ldt and dry units received about 340-445$/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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Thursday, 06 February 14
THE WORLD LARGEST COAL EXPORTER SHIPPED AROUND 35.90 MMT OF COAL IN DECEMBER 2013
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $2* billion worth ...
Thursday, 06 February 14
PANAMAX: FAR EAST IS ALMOST ABSENT AND ATLANTIC ON SLOW STEAM
Handy
Due to ongoing Chinese New Year the market is still quiet. Slowly we can see some fresh coal cargos entering the market with second half Feb/ ...
Wednesday, 05 February 14
MARKET INSIGHT - TASOS PAPADOPOULOS
KNOWLEDGE TO ELEVATE
COALspot.com: Let's take a break from market prospects, numbers, order book etc. and shed some light on the conclusions of ...
Tuesday, 04 February 14
NEWCASTLE PORT'S WEEKLY COAL EXPORTS HIT NEW HIGH OF 3.53 MMT
COALspot.com: In the week ended 3 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled ...
Monday, 03 February 14
SUB-BIT INDONESIA COAL SWAP GAINED WEEK ON WEEK
COALspot.com – Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter of the fuel, according SGX.
...
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- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- The University of Queensland
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
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