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Wednesday, 29 April 15
MARKET INSIGHT - INTERMODAL
 The figures of China’s slowing down imports of coking coal for the first quarter of the year are coming to confirm what everybody was expecting to see, since the government has been actively supporting the country’s shift to using cleaner energy resources. Australia is currently the major producer who suffers from this slowdown of Chinese imports; however the land Down Under still remains the main supplier of coking coal for China.
During the first quarter of the year, the total import of coking coal was 10.92 mil mt, a figure that represents a drop of 16% compare to the last quarter of 2014. It is worth mentioning that the imported quantity during March was reduced by 21% compared to the same month last year and 26% compared to February 2015.
On the other hand, according with China’s custom reports, China imported 80.51 mil mt of Iron Ore in March 2015 which is a substantial increase of 8.85% compared to last month. In total, China imported 23mil mt of Iron ore during the first quarter of the year, which is higher by 2.4% compared to the same quarter in 2014. Despite this uptrend in iron ore imports fundamentals still remain somewhat challenging for the trade, as demand of steel in the local market is still not meeting expectations of a healthy market with end users still lacking positive sentiment for the market going forward, which in turn translates into cautious purchasing.
Together with the above negative prospects comes the poor freight market of the last six months, which drove many Chinese Ship Owners to divert their interest from mid 90’s Panamax vessels to smaller tonnages and especially to mid 90’s Handymaxes. That new demand came together with some Middle East interest, which managed to raise this specific market around 10%. According to the last done, a Japanese 95 blt Handymax with SS/DD due should be in the region of USD 4.25mil, while a couple of months ago it was reported at around USD 3.8mil.
On the other hand in the mid – high 90’s Panamaxes every last done comes in lower levels than the previous one. It is worth mentioning, that Panamax tonnages presently circulating in the market, are significant more than any other dry bulk size segment and their price ideas are related to their demo value plus some premium always depending on the exact age of the ship.
For the younger/modern Panamax/Kamsarmax tonnages, activity remains high with many Greek buyers inspecting/offering, however most Sellers, especially Japanese, are still holding back as they are not considering the low levels they see, expecting an improved market in the near future, which hopefully will come soon on the back of this extended period of poor freight rates ending.
Since our Shanghai office always tries to maintain a positive thinking and focus on the positive aspects of life no matter what is happening in the market, we would like to conclude this report giving our Warmest Wishes, to our Shanghai colleague Yonan Wang and to our Athens’ colleague Konstantinos Kontomichis as they are both getting married this weekend.
By Shanghai Office SnP Team
Intermodal
Compiled by:
Intermodal Research & Valuations
Analysts:
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.
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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Monday, 11 May 15
API 5 FOB NEWCASTLE COAL SWAP; INCREASED M-O-M; DECLINED W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.62 per MT (1.41%) month over month and lost US$ 0.88 week on w ...
Monday, 11 May 15
CFR SOUTH CHINA COAL SWAP: DECLINED MOM AND WOW
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.46 (-0.90%) per MT month over month and US$ 0.28 (0. ...
Monday, 11 May 15
KOREA MIDLAND POWER INVITES BIDS FOR 140K MT OF 4600 NAR COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued a new tender to buy total 140,000 Metric Tons (MT) of Sub-bitumi ...
Sunday, 10 May 15
FREIGHT RATES TO REMAIN SOFT NEXT WEEK
COALspot.com: The freight market was flat to soft week over week except for the Cape Index which was up 7.32%. Cape index was closed at 616 p ...
Friday, 08 May 15
BUSIEST CAPESIZE DEMOLITION MARKET EVER - BIMCO
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.
The dry bulk market has long suffered f ...
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- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Deloitte Consulting - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
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