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Wednesday, 07 May 14
THE DRY BULK MARKET HAS NOTED ANOTHER WEEKLY POSITIVE GAIN
 Chartering (Wet: Softer- / Dry: Stable+)
The Dry Bulk market has noted another weekly positive gain, driven by the Capesize segment, but we need to see some strength from the entire market rather than Capes alone before we call this a turning point. The BDI closed today (06/05/2014) at 1,022 points, up by 5 points compared to Friday’s levels (02/05/2014) and an increase of 73 points compared to previous Tuesday’s closing (29/04/2014). The crude carriers market is still weighed down by uninspiring activity across all segments. The BDTI Friday (02/05/2014), was at 647 points, a decrease of 4 points and the BCTI at 526, an increase of 6 points compared to previous Tuesday (29/04/2014).
Sale & Purchase (Wet: Stable+ / Dry: Stable+)
It’s been a long time since we could last cover the weekly SnP activity in just one page. Undeniably, the mind of most owners is currently more on the additional challenges lying ahead in the freight rate market and less on getting their hands in additional tonnage, while those who are still active appear to be showing a preference to 10-15 year old Panamax vessels. On the tanker side, we had the sale of the “ASTRO SIRIUS” (98,805dwt-blt 96, S. Korea), which was picked up by Middle Eastern buyers for a price of $ 10.0m. On the dry bulker side, we had the en-bloc sale of the “ABYO CHERLIZE” (72,529dwt-blt 97 S. Italy) and the “ABYO NATALIE” (72,529dwt-blt 96 S. Italy), which were picked for a price of US$ 7.25m each.
New building (Wet: Stable+ / Dry: Stable+)
The new building market continues to operate under the shadow of a disappointing freight rate environment, while we are still witnessing a limited number of orders across all segments coming through. At the same time it also seems that owners are switching their preference between segments as well. The example of Greek owner Capital Maritime, which is reportedly opting for a pair of VLCCs instead of a pair of two Post Panamax containerships initially agreed, comes to show that the market for container vessels is still considered week and/or that Tankers have better prospects currently, at least as far as owners sentiment is concerned. Time is always the fair judge of such decisions, until then, value is in the eye of the beholder. In terms of new orders, COSCO Xiamen has placed an order in Shanhaiguan in China, for five firm Green Dolphin design Handysize vessels (38,300dwt), for an undisclosed price and delivery set in 2016.
Demolition (Wet: Firm+ / Dry: Firm+ )
Once again, the demolition market is proving to be the top performing across the shipping industry and consequently the one where most of the action is taking place. Prices across the Indian sub-Continent have firmed considerably this past week, with dry tonnage comfortably achieving prices in the range of $480/ldt to $500/ldt. As a result sentiment went off the charts, urging more and more owners to consider the scrapping option, which is definitely good news There are a number of cases of recently reported deals, which are bringing in the hands of owners cash amounts very close to those paid by them to acquire the vessel in the first place, where the acquisition took place sometime between 2010 and beginning of 2013. The example of the Panamax vessel “YU JIE” (72,578dwt-10,876ldt-blt87), which was bought for US$ 4m during the last quarter of 2012 and recently headed for scrapping, is the most notable this week. The vessel achieved a price north of $500/ldt, which translates to US$ 5.46m, a figure well above its purchase price. Average prices this week for wet tonnage were at around 325-505$/ldt and dry units received about 310-495$/ldt.
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, 23 May 14
U.S. WEEKLY COAL PRODUCTION SLIPS 1.8% WEEK ENDED MAY 17, 2014
COALspot.com – United States the world's second largest coal producer, produced approximately 18.6 million short tons (mmst) of coal in a ...
Friday, 23 May 14
DRY BULK NEWBUILDING CANCELLATIONS COULD HELP SUPPORT MARKET IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's demise over the past few months maybe has come as a surprise to many, but analysts and shipbrokers are looking forward to ...
Thursday, 22 May 14
HEAR SUCCESSFUL CASE STUDIES FROM 10 INDEPENDENT UNCONVENTIONAL GAS OPERATORS
Unconventional Gas Asia 2014 will provide a unique opportunity for Asia’s unconventional gas leaders to share their experience and expertise ...
Thursday, 22 May 14
CNPC-GAZPROM DEAL A MEDIUM - TERM POSITIVE FOR CHINA'S GAS SECTOR
Fitch Ratings says a 30-year deal in which Russia's OAO Gazprom (BBB/Negative) will supply gas to China National Petroleum Corporation (CNPC; A ...
Thursday, 22 May 14
CAPESIZE : RATES ARE STILL UNDER PRESSURE
Handy
A quiet start into the week in Far East, some fresh Indonesian coal order in the market. For trips within S.E. Asia, Supras are trading aro ...
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Showing 3691 to 3695 news of total 6871 |
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- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
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