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Wednesday, 28 May 14
THE DRY BULK MARKET REMAINED UNDER PRESSURE - INTERMODAL
COALspot.com: The Dry Bulk market remained under pressure during this past week, with all indices pointing down compared to the previous Friday. The Capesize market noted the biggest decline across the board, while rates for the rest of the dry bulk segments remained under significant pressure on the back of absence of significant enquiry all around. With this current week kicking off with a bank holiday and fresh business continuing to be scarce, we expect that thin volumes shall continue to prevail in the spot market for at least the short term.
The Atlantic Capesize drifted to a slow close last week, with enquiry ex Brazil remaining limited, while the average rate for the segment has now slipped back to below $ 10,000/day on the back of disappointing business in both basins. Towards the end of the week we saw some improved numbers for iron ore cargoes in the Pacific and it seems that the trend will most probably feed into this week as well.
The Atlantic Panamax improved slightly with activity in the region sustaining its volumes and ECSA continuing to offer fresh inquiry albeit nothing impressive so far. At the same time, business in the Pacific remained thin, as tonnage continued building up in the East, with owners currently willing to concede on rates in order to find cover.
Rates for Handy/Supra tonnage trended sideways in the Atlantic as the week came to a quiet close, with activity in both the USG and ECSA remaining soft. Handysize business was around last dones, with most believing that the market has now bottomed at these levels.
Analysts:
Mr. George Lazaridis
Ms. Eva Tzima
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, 26 May 14
Q3 14 CFR SOUTH CHINA COAL SWAPS LOST 2.24% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.24 percent month on month and closed at US$ 73.88 per mt as on F ...
Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four ...
Sunday, 25 May 14
FREIGHT RATES FROM SOUTH KALIMANTAN TO EAST COAST INDIAN PORTS WERE ASSESSED AT $9.50/MT
COALspot.com: The BDI was closed at 964 points down by 6.13 pct week on week. The Cape Index was lost 172 points or 11.24% week on week and closing ...
Saturday, 24 May 14
DRY BULK MARKET'S RECOVERY IS JUST AROUND THE CORNER SAYS SHIPOWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the weaker than expected market sentiment in the dry bulk market over the course of the past few months, analysts and shipowners alike appe ...
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 ...
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- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
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