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Wednesday, 09 April 14
DRY BULK MARKET STRUGGLED THROUGHOUT THE WEEK - INTERMODAL
The Dry Bulk market struggled throughout the week but the poor performance across the board didn't allow for any positive reversal, pushing both rates and sentiment to very low levels. The BDI has now slipped back to end of February levels with any upside noted during the month of March being completely erased and with the weakness of the Panamax market being the most notable one, as the segment has been and continues to be under a lot of pressure.
The Capesize market has kicked off the week with talks of better activity, which never materialized, and owners ha d to substantially lower their ideas as charterers held firm the upper hand for yet another week. The one ray of hope has appeared closer to the weekend, as volume s of business in the East have spiked up, while no reversal of rates or sentiment was achieved in the Atlantic, as the ample available tonnage in the region is still blocking any significant upside.
The Panamax market remained under significant pressure this past week, with the BPI moving south to the low 800s level and the average rate for the segment falling in the mid-$6,000/day level. Early dates and period fixture s received most of the pressure, while more forward business witness some steadier numbers.
Moving onto the smaller size segments, things were less dramatic but still far from good, as Handy/Supramax rates retrieved with activity ex-USG and ECSA being in adequate to offer any support, while business in the Pacific proved uninspiring as well.
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, 05 May 14
HUANENG CLEAN ENERGY RESEARCH INSTITUTE HAS CONFIRMED TO SPEAK AT CCF2014
Press Release: Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12,13, 2014 in Beijing, China. We are glad to invite ...
Monday, 05 May 14
SUB BIT-FOB INDONESIA COAL SWAPS LOST GROUND LAST WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports ...
Monday, 05 May 14
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q3 14 DELIVERIES: LOST 0.82% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 0.82 percent month on month and closed at US$ 75.20 per mt as o ...
Sunday, 04 May 14
INDONESIA TO INDIA FREIGHT RATES ARE SHOWING POSITIVE TREND
COALspot.com: The freight market is seems to be some recovery as cape index has increased by 7.84 pct week on week. Cape index closed at 1829 po ...
Friday, 02 May 14
ADARO ENERGY STARTS YEAR 2014 WELL DESPITE CURRENT MARKET CONDITIONS
COALspot.com: Adaro Energy, the second largest Indonesian coal miner's revenue increased 14% to US$ 845 million due to higher sales volume, ...
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- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Australian Coal Association
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
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